Bitcoin New ATH $69k

[Suba]

Yesterday or 25 hours ago the Bitcoin price touched $69,530, which means a new ATH has been formed and the old ATH will be abandoned. Even though this new ATH did not last long, it indicates that the price of Bitcoin is very promising as an investment instrument. Crypto exchange Bitfinex also predicts that Bitcoin prices will reach above $100k around Oct, November and Dec.

 

[Webster]

Yesterday or 25 hours ago the Bitcoin price touched $69,530, which means a new ATH has been formed and the old ATH will be abandoned. Even though this new ATH did not last long, it indicates that the price of Bitcoin is very promising as an investment instrument. Crypto exchange Bitfinex also predicts that Bitcoin prices will reach above $100k around Oct, November and Dec.

I could definitely see Bitcoin hitting $80k (and staying above that mark) by year's end.

$100k, however? That's bubble territory.
Better to see clear consistent gains than rapid rises and falls, particularly for the small investors.

 

[SilverLance]

I could definitely see Bitcoin hitting $80k (and staying above that mark) by year's end.

I'm optimistic about Bitcoin's growth and reaching new heights. Let's hope your prediction comes true.

 

[Webster]

I'm optimistic about Bitcoin's growth and reaching new heights. Let's hope your prediction comes true.

Think of it like a bubble; if Bitcoin goes up above $100k that pressure will build and build until it either blows out and it falls or it keeps building and blows out later. If it hits $80k and stays there a while, that pressure will dissipate over time.