With network scalability, o bitcoin ETF, smarter regulation, record trading volumes, Increased flat capital controls by governments around the world, and soaring consumer and smart money interest 2017 is set to be a spectacular year for bitcoin.
'I'd predict on average price of $1,200 for 2017 and o year-end price of $2,000. Of course, these ore mere extrapolations on current sentiment and factoring in some hiccups, but unexpected events are likely.
1. Sell walls at $1020 are outweighing buy walls significantly at the moment as the market is probably still being balanced out after the recent downward spikes.
2. Resistance at $1020 levels still remains unbreached as BTC/USD markets started being overwhelmed with heavy selling pressure when this level was hit.
3. The momentum of the market projecting further price rises has certainly slowed down but it?s notable that prices are remaining above $1000 levels amid such volumes and resistance
After analzing this i can predict the Bitcoin price forecast
which explained above.