Bitcoin and STEEM prices for the next six months
Six months ago I posted an article regarding STEEM and bitcoin prices projections based on my own technical and fundamental analysis here --> https://steemit.com/bitcoin/@f88steyrr/btc-and-steem-prices-in-the-coming-days-weeks-ahead
Please read the post on the above link before reading this current post as you might not able to get the flow of the entire report.
I hope that my followers had the chance to earn bucket loads of profits from the market upswings that I have foretasted on my previous post. Hopefully you would spread the word and share and repost this article in the hopes that you and your friends and family will also profit based on this price forecast.
In this edition I will provide you with price projections for BTC and STEEM for the next 6 months based on my own analysis based on freely available data online.
First up STEEM
https://www.coingecko.com/en/price_charts/steem/usd
As of this writing current STEEM prices are at 0.000169 vs btc and a little more than $2USD/STEEM
STEEM has been moving a biut slower than expected but still moving in the direction that I expect it to be nevertheless.
For the next six months STEEM prices will still continue to creep upwards to 0.10 STEEM per btc so if there is one advise I can give with regards to stem is to buy as mucg STEEM as you could and sit on it until you see the predicted prices. It continues to break new highs everyday and theres no way to go but up. STEEM will still remain bullish at least for the next 6 foreseeable months. I would buy as much STEEM as I can for as much as I can afford them or at least when it gets to the $1000USD/STEEM rate. If you want to know how and why then I suggest you do your own research. :-)
Next up BTC
As I have forecasted six months ago that btc prices will go up to 10k and more we were so spot on like hitting a bullseye right smack in the middle of it at the thousand yard line. Here goes another price forecast for the next six months at least.
Now that Bitcoin is getting a well deserved attention from the mainstream media more and more people are gaining awareness to the existence of bitcoin ie; ordinary peolple like your mom and your girlfriend and those idiot dumb ass neighbors and close friends who all thought that you were crazy and scamming when you told them all about bitcoin and crypto currencies 7 years ago. you told them on how btc will be big and they brushed it off like some annoying fly. Well I tell you now, you have just been vindicated. Now they look up to you because they also want to get in and get some profits from the btc and they have nowhere to turn but you because you are the only one they consider the authority when it comes to crypto currencies. Now its up to you if you want to charge a consulting fee for every time they ask for advise on how to get started. :-)
Now that all of that is out of the way let's get on with business. BTC prices will shoot up to $30k to as much as $40k or even $50k/USD during the christmas season up to the end of first quarter next year. Christmas season is the time where people will be on the spending mood and will have lots of time to examine, browse and buy bitcoins from internet exchanges using their credit cards which would be the driving force of the btc for at least the next four months.
Now this is the tricky part. If the network is not careful enough we can see another major retrace like the one we've seem way back in 2011 when btc went from $1k down to $200USD/btc.
During the media frenzy and over the christmas holiday people will be panic buying btc driving the prices sky high and that's when most of the btc bag holders will decide to unload most of their btc thinking that btc has reach its max price when it has not even reached a quarter of the price or a fraction of it. Major bag holders such as China and Russia and other people who holds the lions share of btc will all decide at the same time to unload some btc thereby causing an imbalance/implosion in the network and starting a cascade reaction leading to another major btc retracement down to $10k or even $5k/USD if everything falls into proper alignment.
Whoever thinks that btc is already expensive at $20k/USD is highly mistaken and will regret that they didn't bought btc when btc was only $20k and now its well over $100k/USD and is still looking very bullish.
On our next edition I will take you the the dark side of bitcoin and show you some if not all of its dark hidden secrets that make it so successfully the most expensive digital code per byte so far.
As always, btc trading or any kind of speculative trading is very risky not just to your bank account but also to your health. :-)
Trade responsively, know when to get in and out. Please share, repost this or copy the link above and send to your friends, family, love ones and to those people who you care enough to want them to profit from btx while its still in its infancy. Don't wait until the btc is $1mil/btc when its more expensive for you to get in on the action and even then btc is still not even a quarter of its projected final market price.
Till next time, Merry Christmas, Happy New Year and Good luck trading.