We have seen that the price of bitcoin has been stucked between 8k and 9kk.Sometimes,it reach 10k.But will the price of bitcoin reach it's previous highest within the end of this year?Which price are you expecting??
Good news are coming out but it did not affect the price very well because we have had bad news for a long time. Bitcoin will need time to come up from the limitations place on it by the effect of bad news and I believe with time it might go ahead to cross the $11,000 high we have had so far. We may be above $20,000 very soon maybe before may 2018.
It looks like a lot of people where paying attention to the G20 summit news for some reason, and it urns that they ended up being positive, doing a flipping 180 degree change on their opinion, since one of the chairmans was negative about cryptocurrency not a long time ago, but now they said "cryptocurrency does not pose risk to the financial system" and apparently this made Bitcoin skyrocket again to $8000+.
It sucks that people are paying attention to these news to value their coins. Bitcoin is about not caring what the damn G20 bureaucrats about have to say about things, but whatever.
Its true that bitcoin's potential is high and it deserves more high prices and it doesn't actually rely on what G20 summit decides or what a CEO if a big financial firms says or what Warren Buffett thinks about bitcoin.But unfortunately,the entire bitcoin community tends to act either positive or negative based on FUD and declarations made by such big summits.Due to this reason,bitcoin's volatile nature increases and for the reason of G20 summit to rule in favour of cryptos,once again bitcoin's price is going to skyrocket.