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Bitcoin Price Stays Above $6,300.........Will Price correct soon, or continue its ride?

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It appears the Bitcoin bubble may take the market by storm as the virtual currency seem to be in a desperate mood to put more money into the hands of holders.  Some say the current price spike is sequel to BTG hard fork, while others think bitcoin has just hit its rhythm.

Mixed messages are accounting for Bitcoin’s sudden second surge above the $6,000 mark, with Max Keiser pointing to a combination of factors for underlying support.

30,000 new #Bitcoin wallets a day. 
ETF coming soon. 
Wall St. just getting started. 
Regulators waking up to their impotence. 

The question is "Can this move be sustainable and for how long".  Given that the rise is purely driven by hype and not even adoption or real production as Bitcoin is not a product.  Also, about five countries are currently processing the laws prohibiting the use of Bitcoin as a means of payment and the immediate hard forks underway Bitcoin Gold and Silver, its just a matter for the price to correct and take its right position.  

What is that right Bitcoin price - $4,000, $5,000, $6,500 or $10,000?


Meanwhile, analysts say Bitcoin continues to deny bubble criticism from major legacy finance figures, which now include infamous investor Warren Buffett, while JPMorgan CEO Jamie Dimon has taken a back seat in his cryptocurrency chiding.

Bitcoin prices reached a new all-time high of $6,300 this morning and continued to $6,370.62 at press time this night.  The move dragged altcoin prices down with major currencies like Storj, Stellar and Stratis being the worse hit with 15% loss of value. 


Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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