Do you think Bitcoin price will drop end of December? This might be two reasons:
1. The CME futures will start and people would be able to bet against the price of Bitcoin.
2. Bitcoin always goes Bearish end of the year. People take profits.
3. There has been a huge run up in the bitcoin price over the last month and we have not experienced a significant pullback.
what are your thoughts?
The third point you said might not be really true. I do agree with the first two points though. Bitcoin did rapidly increase in the last month hovering from $6000 to a whopping $11500 now which is almost double the amount. You say there was not a significant pullback while you can see that 29th November the price was at the peak of $11250 and suffered from a huge pullback and dropped to $8750 which is a drop of $2500. Does this doesn't sound to you like a pullback. The correction has made Bitcoin much stronger now and Bitcoin has become stable now at $11500. The price might fall a little down but then Bitcoin recovers every time and who knows what 2018 will bring to us. 1. The CME futures will start and people would be able to bet against the price of Bitcoin.
2. Bitcoin always goes Bearish end of the year. People take profits.
3. There has been a huge run up in the bitcoin price over the last month and we have not experienced a significant pullback.
what are your thoughts?
