While most of the cryptocurrencies are much below their earlier highs but there are newer and newer predictions coming up for cryptocurrencies. But one analyst is predicting a huge rise ahead for Bitcoinwith a forecast for it to reach as high as $50,000 in 2018. Why Is Bitcoin Price Changing So Fast?
Yes, BTC breaks several resistances which was there for a long time. Next resistance is $7800 level, if that breaks BTC will go to $8500 in no time, maybe it will take few hours to touch $8500. Also on 10th august, ETF news is going to come, if that is approved by the US SEC, BTC can touch 11k in a week for sure. Everybody is eyeing on the outcome of ETF meetings. Though there is a high risk of getting rejected for ETF and it can sharply decline the price as well. At the moment charts are looking good and bulls are completely in control.