Bitcoin price prediction: August 2017
So we are on August 1 after all the uncertainty surrounding fork of bitcoin and it doesn't seems to drop in price of bitcoin ahead of fork. The price are past $2700 and trade around $2800 region as of this writing.
Prediction:
As in couple of hours some may still sell their bitcoins, it is more likely we see bitcoin moves towards all time high $3000 mark. So we can say that 5th wave of bitcoin is approaching and potentially go to $3900 in upcoming weeks. It is just matter of time so keep holding your bitcoins.
Hi Josh,
I agree with you. It looks like Bitcoin BTC came to the fork with a recent top price of approx 2900... it was headed for the 3000 mark as it had cleared most of the major resistances. It now has pulled back approx $250 - $300 but we assume that this is based on the price of BCH at about $300.
My opinion with you is BCH will be (at least for a while) small and ignored by many except those in the crypto space. BTC will rally within the 2 weeks it takes Bcash to get tis feet under it, exclipsing 3000. Once it breaks the all time high, there will be slight consolidation then off the races... at least your 3900 and likely far beyond... especially after clearing the segwit implementaion hurdle...
FYI BTC has added 32 blocks in the ~3 hours since the "split" meaing a block time well under 10 minutes, so I think we can say that, for now, there is no concern for too much hash power moving away from BTC. That said, after the BCH hash difficulty adjusts, this could change.