Hope to reach 7.5k, however 5k would be great, but at the same time worrying.
If 5k support zone is breached, well...
Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.
Hope to reach 7.5k, however 5k would be great, but at the same time worrying.
If 5k support zone is breached, well...
Also, 270k unconfirmed transactions atm. If this increase even more, start seeing people panic because they can't get their bitcoins back. And you now what happen then, fud starts, greater unconfirmed transactions stocking and fees going to the moon.
$5k would make me feel very warm and fuzzy.
Of course, however remember that at 5k, btc could lose or see diminished by a lot cryptos’ share dominance, and stop to be used as indexing to the now called "alt coins" (of course I understand that with btc depreciation, we will witness the same behavior on the remain coins).
If that happen, we could see the probable shift that we will witness in the short, mid or long future, coz, apart from bitcoin being the first cryptocurrency, it’s, at its fundamentals, completely surpassed by a lot of other currencies atm.
The consensus on bitcoin's storage of value aspect that’s holding bitcoin appreciation is greatly dependent on the fact of its dominance on market share.
If this equilibrium is seriously contested, you can see a change on the paradigm, that’s why I’m saying that 5k price can be risky. However, I do believe that a healthy crash is obviously needed to bitcoin and to all crypto market, for the sake of its on existence.