In 2017, we might see major elevations in the bitcoin price. The analysts are already predicting a staggering rise of more than 165% in the bitcoin price which means it might go beyond the $2000 mark in the near future. The impending Spending Binge might prove to be a major catalyst in appreciating the price of bitcoin in coming months.
In addition to that, the augmenting value of dollar against yuan might be yet another factor to drive the BTC price to unimaginable heights. During the last 3-4 months, the value of dollar has risen by 4% against Yuan and during the exact same period, there was a 21% incline in the BTC price. Seeing these trends, it seems quite obvious that the two might have a close relation with one another and if the dollar tends to rise against Yuan, then the bitcoin price as well, is likely to rise further.
After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond. In just five years, the Bitcoin price (BTC price) rose from a few cents to over $1,000, which should give you some sense as to how much money early investors made. But don?t worry, our
Bitcoin price prediction 2017 shows that there is still more room to the upside.
The bitcoin price prediction going to 2000 dollars was somehow damaged due to miner problems. The conflict between miners has caused the price of bitcoin to deflate and went down below 1000 dollars. Due to this UASF was born in order to turn over the power from the miners to the economic players. With this the players are going to decide on what kind of changes will be accepted and applied to bitcoin. This time with UASF around we can finally hit 2000 dollars by the end of this year.