Bitcoin 12 month price target $127,000
$Bitcoin (BTC.CC)$ Bitcoin breaks out higher to new highs, blowing through $51,700. Bitcoin has been upgraded to buy and has a 12 month price target of $127,000. $51,700 is the price to go long.
Demand for bitcoin ETFS, recent halving coming up in April. Supply and demand. There can only be 21 million coins minted.
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MonkeyGee : what is that price target based on? valued based on assets, based on sales, or based on hype?
LukeM MonkeyGee: Based on nothing
LukeM MonkeyGee: Just a random number that it’s never been to before.
kevin ryanOP MonkeyGee: I just told you supply and demand