'I think 2017 could be a continuation of 2016, in terms of it being a growth year for bitcoin's price. We are clearly Ina bull market for bitcoin now, and my experience tells me that bitcoin bull markets don't end until the previous high ($1,150 In December 2013) is exceeded, and that the new price is several multiples higher than the previous high.
"In the short five-and-a-half years that I've been following bitcoin, I've seen this pattern repeat Itself three times already.
After seeing
bitcoin price forecast you may understand it. '
1. USD exchanges and demand have driven bitcoin prices higher while Chinese exchanges have taken a backseat.
2. Although no resistance remains beyond the ATH, there are mathematical methods to calculate the next resistance zones, such as pivots and Fibonacci extensions, which yield targets of $1,400 and $1,445 respectively.
3. Bitcoin never traded above $1,242, a Mt. Gox ATH, or above the USD price of gold per ounce.
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