Bitcoin Roared back to $16,000 and Then Stopped

Bitcoin managed to CLIMB above $16,000 very briefly.  It has now dipped below the $15,000 level. 

Bitcoin extended its recovery from last week’s lows below $12,000.  $16,000 appears to be the near term resistance at the moment. 

An analyst predicted today that Bitcoin could trade in a range of $6,500 to $22,000 in 2018.  There will be four market “crashes” with price drops of at least 40 percent. 

What is your prediction?

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