Now, what does this mean for the Bitcoin spot market and the price action going forward? So, it’s safe to say that Bitcoin market has a buyer bias implying that the market prices may not be in equilibrium. However, dragging Bitcoin into the futures market poses a risk of big players opening doors to short selling hell. I see Bitcoin as a low hanging fruit from two perspectives in a near term trade setup. I do see Bitcoin prices potentially reaching $25,000 by early next year.
Source: Forbes December 07, 2017 11:43 UTC