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How high can Bitcoin go? by belemo

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· @belemo ·
$8.90
How high can Bitcoin go?
We hit a new all time high of $61,500 range and then quickly corrected to $59-60k support. It's still incredible that we're at this level but it seems like there's still more to come. 

https://cdn.pixabay.com/photo/2017/12/17/14/12/bitcoin-3024279_960_720.jpg

On chain data tells us that more stable coins are being pumped into exchanges, which makes it more likely that we'll be seeing even more trading activities in the near future. 

Most bulls have predicted a $300k range before 4th quarter and with things rising exponentially, that's not out of the question. It feels a bit like fantasy to imagine Bitcoin getting that high but that's probably what people said about the chances of $60k, yet here we are. 

I'm sitting on the fence a bit about the potential rise in the price of Bitcoin that we'll get. I'm suspecting we'll get another 70-75% rise from this point and arrive around the $100k range before the bears take over next year. 

I suspect big money investors will start taking profit at some point and that might lead to FUD. Even in that situation, I still think a steady rise to $100k in a space of months is very likely. 


I'm always fascinated about how this rise affects alts in general. Is it going to be an inverse relationship? Or will everything just rise together? 


https://images.hive.blog/0x0/https://cdn.steemitimages.com/DQmQ3NZCn3sLzGB7sa27sDL3yJzmKMxJjywJ5Q2vAGVNW3e/belemo.gif


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@acesontop ·
$0.06
$388,000 for this cycle.

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👍  ,
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@alt-runner ·
lets see how high it can go. But the next question is how low can the bear market can go after such a high rise of bitcoin?
will we see altseason when bitcoin start to go down?

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@belemo ·
That's why it's important to take profits. I suspect the bear market will be harsh 
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@badbitch ·
Bitcoin has no end point, people should just learn this already 😂

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@cwow2 ·
1m brother. Easy
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@nonsowrites ·
I don't really care much about Bitcoin. I just want to see my favorite alt coins moon. I am not betting on Bitcoin even though it is a smart move. There is still a lot of profit to be made from alts. That's where I am playing in.

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@poshbot ·
https://twitter.com/belemo\_\_/status/1371346608928002049
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