I can't say for sure but there will be a pullback soon in my opinion and I would certainly not LONG at these prices. Short term pullback can drag the price back to approximately $1400 at least. Upside momentum on the other hand can face some serious resistance at $2000 which is going to be the next psychological level.
I've been mining and buying BTC since Feb of 2016. I'm looking at the long-haul on this and expect it to hit $3200 - $3600 by end of 2017. I know it's optimistic. It's a hard sell on this as I use the profits of other coins to buy physical silver and gold, but with BTC about $500 above Gold now. What to buy is weighing in my mind.
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Yeah gold and silver are ridiculously cheap due to price manipulations.
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Yes, I was buying 100 oz bars when silver was $3.20 oz or so and gold about $268 oz in 2001 and kept buying for years until it hit hit $20 dollars and then it went to $75 - silver. I still buy now but not in huge quantities. It is being manipulated as it's not indicative of what the U.S.'s economy should be (low,) with this economy. Silver should be $100+ per oz now. But look at the unemployment rate; a third of the citizens aren't working because there are no jobs and if they are, you have to work 1 1/2 or more jobs to maybe make ends meet and also because businesses are closing.
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Small dumps on BTC hapand every day . I personal hope for the best - price above 3500 $
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$3500 is possible but I would expect some serious resistance at $2000 first unless WWIII happens!
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Let us hope for the best :)
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