Warning: file_put_contents(/srv/users/serverpilot/apps/bitupdateus/public/wp-content/plugins/bulk-post-0.4-1/cache/sessions//ToReoCbGqNC4mC7YLxPkjjFWBDbUVktWiNYHnbGa): failed to open stream: No space left on device in /srv/users/serverpilot/apps/bitupdateus/public/wp-content/plugins/stupidpie-1.8.3-1/vendor/illuminate/filesystem/Filesystem.php on line 122
  Rally without end ?: Bitcoin price: Experts double the forecast – "We recommend continuous bitcoin skid" | News | Bit Updates
Home » bitcoin updates » Rally without end ?: Bitcoin price: Experts double the forecast – "We recommend continuous bitcoin skid" | News

Rally without end ?: Bitcoin price: Experts double the forecast – "We recommend continuous bitcoin skid" | News

Friday, November 24th, 2017 | bitcoin updates

On Tuesday Bitcoin reached a new record high of $ 8,372.52, over the past twelve months the digital currency has gained more than 1,000 percent. This upswing was also supported by statements made by hedge fund billionaire Mike Novogratz.

 display

Buying Bitcoin is quite complicated and expensive.
 Here you can easily buy and sell Bitcoin

Rollercoaster ride to Tether-Hack

At the beginning of the week, the bitcoin price dropped even more, as the competition currency had fallen victim to tether hackers. The recovery was not long in coming and also the optimistic estimates of Mike Novogratz drove the Bitcoin tokens to a new all-time high. The crypto-advocate told Bloomberg that Bitcoin's price will reach $ 10,000 by the end of the year. Ethereum would rise from the current $ 390 to $ 500 over the same period. With Bitcoin, the plus – compared to current prices – would amount to 20 percent, at Ethereum even almost 30 percent. But Novogratz is not the only one who has adjusted his assessment.
Bitcoin mid-2018 at $ 11,500?

Tom Lee, chief strategist at Fundstrat Global Advisors, even took the short-term Bitcoin slump as a reason to be more optimistic about the outlook for the coming year. In a customer letter, he stated that the erosion earlier in the week had the Bitcoin of "weak hands" cleaned. Unsafe investors should have stepped out of the crypto-wells at exactly this point in time, prompting the experts to dismiss his previous assessment. In August, Lee reckoned that a Bitcoin will be worth $ 6,000 by the middle of next year, and it now expects a bitcoin price of $ 11,500 by the middle of 2018. And that was not all: only at the beginning of the month did the strategist warn that the rally from $ 3,500 to $ 7,000 would cause a short-term setback. "We no longer think caution is justified," Lee says. "We recommend continuous bitcoin skimming at this level, the final assessment of the Fundstrat report.

 Editors finanzen.net

That might also interest you:
 Buy Bitcoin – Here's how to do it: fromDUCK / Shutterstock.com, 3Dsculptor / Shutterstock.com, ppart / Shutterstock.com

Related

HDR: Warner considers Dol

                           IFA              :        HDR: Warner considers DolbyVision loyalty, but

Berlin rehabilitation blo

With earmuffs, respirators and construction helmets, teachers from the Spandau Carlo Schmid School

Tagesspiegel Advent Calen

No sign, no bell, solid steel. Quite inconspicuous, as here at the motorway

ROUNDUP / Frankfurt Stock

FRANKFURT (dpa-AFX) – The Dax (DAX 30) has ended midweek its latest winning