Is the next psychological barrier a $200B Market Cap?
It looks like ETH is the first coin to pull ahead with Bitcoin, but I have a hunch this leg up isn't over yet.
In the past few hours, about $3B has left the market. Will this trend continue?
Also, let's give an honorable mention to BitConnect Coin, who has grabbed onto Bitcoin and rode the climb up very nicely. And now with a small pullback, it followed.
Alts might continue to slide, as money pours into ETH and BTC, to eventually look appealing enough to be bought. But how long will this continue before Segwit2x? The effect of a successful or failed Segwit should be interesting. Some speculators suggest BTC will be priced fairly around $25K+ come February 2018.
What do you think? Is this the moonbound rocketship we've been packing our bags for?
Or is this another manipulation? A doomed market riddled with bears and fud-monsters like Jamie Dimon?
Let me know below, I'm giving away some free STEEM to the top comments.
Oh, and my opinion? I'm optimistic.
Cheers,
Seems like its steady on $5700 at the moment im confident that it will go over $6500 before the bitcoingold fork after which i think it will settle between $5000 and 5300. Bitcoin has been hyped for a reason here its free coins time so lets see what the buyers and seller will do they are the manipulators of these markets. @mikev
People are just investing in bitcoin due to the upcoming hardforks in hopes of "free bitcoin". I'm glad it's going up an think it will continue to trend up, but don't think this is the rocket to the moon. Too close to the end of the year and everything slowing down.
Yeah tend to agree with you on this one - will be really interesting to see how S2X fares...
S2X fails | Core stabilises | ALTs on the up
$25k by Feb seems ambitious but the volatility never fails to surprise me!
Thanks for the write up.
-M
BTC needs to hold 100b...thank you be great
img credz: pixabay.com
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