As We all know, the crypto market has been on a downward trend since the second week of january.
Bitcoin market is still below the $10k mark which it was at the 1st week of February .
What do you guys think would be the price of BTC by December
Do you think bitcoin has the capability to hit the $30,000 mark before the end of 2018 or go below $6000?
I think $30,000 is so good to be true so i bet it will be at $20,000 mark as per prediction of most of the famous experts in crypto currencies investments because the more Bitcoin will become expensive it will be the more difficult for the small time investors to join the investments in which majority of the Bitcoin are belong to middle class economy. So if Bitcoin become more expensive then probably most of them will just shift to leading Altcoins to earn.
I can see a big price increase of bitcoin and other altcoins by the last quarter of the year 2018. Just like previous year 2017 where it is really high. I think Christmas season is also the peak season of bitcoin but I don't think it would reach up to $30,000. Maybe $20,000 is more realistic speculation for me (cause I dont want to expect too much) but the higher the better.
More realistic would be over 10k dollars. Recovery on previous ATH will come, we will see 30k dollars too, but will it be this December or next one is big question. Have in mind that 30k can come only after halving in 2020 and maybe even we need to wait 2021 for that mark. That is the most realistic prediction you can get at the moment. Its possible for 30k to come faster, bitcoin price did some amazing moves in the past so why not to do that again, we need to be open for that too, but chances for that are minimal in my humble opinion.
We need to patient now, price is already high comparing with past years in same months, there are months before winter when price should start rise again, I expect many great news, market is working 24/7, new icos are coming out, this drop didn't hurt any projects, there are just unsatisfied people who bought on top, don't mind them.