Long

Updated

Bitcoin will reach 6000 usd in November

The negative effects of the Chinese governments ban on ICO's and the FUD created by rumors regarding ban on crypto currencies in China in general are wearing off and we are going back to the steady increase in value we have seen earlier this year, and while it might start of slow and might be a little unstable passing resistance levels, I believe that once the 5k (BTC/USD) is broken for the second or third time and we are starting to reach higher we will see a FOMO effect that could take us right up to 6k by the end of next month.

Recent negative attention in media regarding ICO's and regulations on them could mean a decrease in investments in ICO's with an increase in stable crypto currencies like BTC.

People need to invest in something and BTC is a safe bet.

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It looks like we are on our way to 5k without any special problems so far

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We have a new All Time High at 5420 USD

Maybe we will reach 6k earlier, but we will see :)

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Still not a believer? ;)

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Looks like the turbo fomo set in

so beautiful

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After reaching a new All Time High above 5800 bitcoin is now back around 5500 and will most likely hesitate a little before starting the climb again.

What is important to keep in mind is that with the Segwit2x hard fork there should be plenty of traders that purchase bitcoin in order to take advantage of any coins created on the hard fork. So including the usual investors there should be a high volume building up before 18:th of Nov.

Here is an updated snapshot of my BTC chart

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While the price fell today to 5100 USD I am positively surprised that it did not go lower before increasing again to 5390 while writing this, and it looks like it will go higher. I would expect it to drop below 5k again at least once before the real climb to 6k starts.
At the same time... maybe Im underestimating the force of bitcoin lol

This sure looks promising...

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5679

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I meant to say that bitcoin value is back up at 5679 USD and it is increasing.I had almost forgotten to take into account the upcoming BitcoinGold fork.
btcgpu.org/

I have added it to my bitcoin chart. Here is a fresh snapshot:

I can almost feel the taste of 6k now...

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Oh my lord, we are so close to 6k now!

Look at this beautiful peak

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Historic moment

1 minute of silence please lol

6k :D

dent77x

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dent77x