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The range for BTC prediction for the new year is from lows of $6,500 to a high of $22,000 US dollars.
That's from a US analyst who recognises that Bitcoin and cryptocurrency are hard to value. He says their economic utility relies on use cases that are not yet built. And that the volatility we have already seen is set to continue.
More:
- "Bottom line: bitcoin can rally to $22,000 and still be reasonably priced, or plummet to $6,500 and also be correctly valued,"
- "We expect to see bitcoin trade for both prices in 2018."
For more, CNBC link here
And, here is Greg earlier: Bitcoin technical analysis. Digital currency back down testing/breaking the 200 hour MA
For past hours, BTC has been tracking a smaller range than we've been accustomed too:
