Bitcoin's price briefly passed above the $4,800 mark for the first time today.
According to data from CoinDesk's Bitcoin Price Index (BPI), the price of the cryptocurrency hit a high of $4,802.74, before falling back to levels seen over the past few hours of trading.
Courtesy: CoinDesk
Guys what would be opinion upcoming months and what is expected price in upcoming year. Normally price use to bump when we nearing new from Dec 20 to Jan 1.
Keyword: Briefly.
Price has actually gone over $5000 on certain exchanges which is pretty crazy if you ask me.
But soon after that we saw the price go down to as little as $4690 which i think caught everyone off guard. This just proves that how dangerous a market in mania mode can be, it can be dumped without any warnings.
I think that there will be more corrections coming in soon, most likely driving price down to $4000 or less.