2017 has being one of the phenomenal years for the people who had stayed invested till the last. It has given some of the unexpected rise during the last couple of months in 2017. Though the start of Jan 2018 was good the market kept moving up but during the later half the market started to sin and back to 10k levels at present.
How do you predict the 2018 year to be for bitcoin. Will it rise back like 2017 and if yes than what could lead to those rise and if no than what factors could be accounted for the downfall?
Bitcoin faces hard time increasing its value since it enters the 2018. It roughly decrease in the first quarter of the year due to so many FUDs and FOMO that's being speculated. It really affect its value but still it also gives an opportunity to those traders who wanted to buy at its dip. Well, for now, we can see its value is ranging from $8k-$10k and this is quite good because it slowly covering its losses. The factor maybe is that people really believe in this coin and they are always there to support its value.