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Bitcoin gets even more high up to $9700

26 November 2017 21:00, UTC

First and foremost, it is now absolutely safe to say that prognosis from Goldman Sachs and Sheba Jafari was absolutely true — Bitcoin has indeed consolidated at $8000 per one coin, and yes, it was followed by even bigger values (although with a local correction).

Secondly, it would also be safe to assume that not many people expected such speed. While there are many bulls in the cryptosphere right now, from the overall tone of the social media posts it seems they expected such values a bit (actually, few weeks or even months) later. Now, the value of $10,000 per coin previously predicted by Mike Novogratz does not seem to be unrealistic, as at the press time, only 300 dollars left to climb (Bitcoin is 9700.30 on Coinmarketcap):

Financial experts at FxPro, already familiar to those who read such price reports on our site, tell that there can be a drop after $10,000 because of the tricks of institutional investors who already demonstrated interest in Bitcoin trading. However, this might happen not necessarily because of that, the natural order of Bitcoin price and its past tell us there will be some big drops in the future. However, occasional drops do not mean the overall trend is going to break.
The market capitalization, naturally, is also at unseen levels — $304 610 395 106 (again, Coinmarketcap data).