With the price of one bitcoin just north of $10,000 usd, one might wonder what is next for the cryptocurrency giant? If it does break down, back through the psychological $10k barrier, will that mean a further slide south?
What are your thoughts?
Bitcoin Price Source: Coin Market Cap
It will go back up.
Only time will tell!! It's going to be an interesting year...2018.
Recon we are in a bear pennant, my guess is it will drop to $4k within the next 6 months, + the market is just more saturated meaning investors have more choise to invest their cash. Competition might not be a good thing for Bitcoin???
I think it's the 'competition' that's the key. Bitcoin has some things going gong against it like it's slow transaction speed and high cost. I believe the crypto market as a whole will continue to grow with Bitcoins share of the market decreasing. Interested to see if your prediction of $4k bitcoin come to fruition. We will keep an eye out. Thanks for stopping by and taking the time to comment.
This post has received a 0.03 % upvote from @drotto thanks to: @blockchainspoon.