Bitcoin Price Prediction at end of 2018

Bitcoin Price Prediction at end of 2018

Today's topic is going to be Bitcoin and what I think the price of Bitcoin may be at the end of the year so it is a Bitcoin price prediction now just as a

notice these are just kind of fun predictions no one truly knows how the

the market is going to react or act and we can't really predict what kind of news is going to come out but I can just do this based on what I know and what I see on the graphs and also you know the news that I'm anticipating that will and won't happen.

so recently Bitcoin is basically Swing been swinging between like six thousand and sixty-six hundred that's where I think lower and upper bounds are for the time being I'm not going to do in-depth technical analysis because I think technical analysis is like nonsense a lot of analysts has put like the resistance of 6800 for some kind of Fibonacci replacement but realistically I don't really care about Fibonacci replacements I just call it like I see.

it in the last week Bitcoin has inched up to 6,600 twice once on August the 15thand once yesterday night and then it's come down so there are solid resistances at 6600 it looks like and there's a solid kind of bottom thing around 6k.

it's dip below 6k about twice but it's gone back up within like 10 15 minutes

so generally, 6k and 6600 how do I think it'll break out of that I'm not exactly sure, but Monday might be a day you'll want to check because the ETM news of the Swedish etn which is sort of like a quasi ETF became available to American investors on Friday and it rose on Friday so Monday I think people especially like Asian people will get to react to the news another and other people will get to react to the news and we'll see if that actually takes the market up again now at the end of September there might be another slight dip because I do think they're going to postpone the decision of the ETF again and I don't think really the ETF is really going to get approved or acted on until next year.

I think February like into February is the deadline and I think it'll and ETF is going to get improve approved by that point and I do think an ETF will boost up the price of Bitcoin there are certain concerns with an ETF and price manipulation and control and all that stuff but at least the short term being after the ETF the price will go up that being said I don't know if I see a really big price uprising next week.

I think reactions the etn news might have a small chance of pushing Bitcoin over 7,000 but I think the chance is like I would give it like a 30% chance over the long run at the end of this year I would be really happy if Bitcoin hit around 12,000 by the end of the year because q4 is generally pretty good for cryptocurrencies altogether and there's been a lot of positive trending news for Bitcoin and cryptocurrencies altogether in q3 of the early q3 of this year and I think going into quarter for some of that will finally take effect as some of these partnerships and announcements.

Finally, take place you know the Microsoft one the Starbucks one XML and

that XML xlm partnering with like transfer go and a lot of these other

things I think they'll start to take effect and Bitcoin will slowly rise I would be very happy if it hit 12,000 I would like for it to hit 20,000 obviously but I think that is a bit of a long shot by the end of the year seeing that the ETF is probably going to be delayed by at least another I would say like until mid-February so I would say like 12,000 is a pretty good peg it might be above or below that but I think like some of the institutional adoption coin basis custody stuff will actually help it rise to around 12 K hopefully and at 12 K a lot of the out coin should be recovering as well especially look for the all coins who are going to have USD pairs on the tricks and also look at buying LX exchanges a Fiat to cryptocurrency exchange that will start to untie some of the other cryptocurrencies for Bitcoin which is good for the overall cryptocurrency market but I'm not really sure, if it's good overall for Bitcoin so that is definitely something you will want to watch out for as currently I don't know how much the price is going to like wobble and change this weekend but I would expect it to stay between 6,000 and 6600 Monday hopefully will be a breakout day but we will have to see I think the etn is generally good news but it's not liked a whopper like an ETF approval would be so that's really me opinion on etn on the etn and Bitcoin price so I'm looking for hopefully a target of about 12,000 at the end of the a year and I think the all coin market will start recovering at that time all right thank you that is today's episode thank you and have a nice day