Where Might Bitcoin Be Headed Next?

in LeoFinance3 years ago

While no one knows really where bitcoin is headed as price swings are so crazy with it and the amount of people that actually own bitcoin is relatively low you can make some type of predictions and educated guesses based on news and what's been going on.

Ever since bitcoin quickly ramped up in price guess what happened? News medias have now started writing about it. But are they writing anything positive about it? Hell no they never did and never do. Big money bag people are also talking down bitcoin.

It's the exact same story we saw three years ago when Bitcoin skyrocketed to nearly 20k and everything so far has been lining up.

bitcoinchart.jpg

2017 leading into 2018 looks the same but of course this years is looking double it so it's hard to see so far.

we see a massive quick ramp up, a hard pull back with a stead climb and then a very hard pull back. I believe we are in the steady climb building up to the massive pull back.

However there are forces outside of what we know that will alter the market. Last time it was china banning mining and bitcoin in their country. After that it was the IRS and SEC clamping down on it.

Well those things are starting to fire up again and trust me when I say the IRS is going to be all over cryptos ass this year because of those gains. If anything you're going to see more regulations, more horror stories and people down playing bitcoin which will effect the markets. News effects bitcoin greatly it always has and most likely always will.

The other thing to take into account is when people hear about crypto the first thing they still think of is bitcoin. Bitcoin is the entry point into all the other alt coins. While the pull back happens we very well might start to see a good amount of that money flow back into altcoins.

This time the focus I believe will be within Ethereum as new projects are launching and DeFi has become a big thing lately.

** This article is not investing advice it is for entertainment purposes only. Please consider all risks and seek professional advice before investing yourself.

Where do you feel bitcoin is headed in the next 3 months? New highs or a hard crash?

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I think this clearly explains why ethereum should be looked into. As for me though, I will be putting my all in BÑB. I think they stand a chance against Eth and the increase in value won't take longer

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