The current situation has caused me to hold huge sum of money that I intended putting into btc and altcoins. I know once btc jump, altcoins does same.
So the question is can anyone predict the price of btc for the next month? To enable me invest...
First of all, as per your title, No one can exactly analysis or state the exact price of Bitcoin that gonna hit the next month.
Secondly you can yourself make a close call that the price of Bitcoin will be , if you observe the growth graph carefully of Bitcoin.
Bitcoin price affects when more investors come and invest in the coin. Similarly it makes the supply less and therefore the price of Bitcoin gets affected and also increases suddenly or slowly.
We will never be able to predict the price of Bitcoin, in full that what will determine the price of Bitcoin is all of us. When we use Bitcoin more often then it can be a reference to be able to give a positive influence that can change the price of Bitcoin to increase and when we start leaving Bitcoin slowly the price of Bitcoin will decline and that is very bad indeed for the development of Bitcoin. What will determine is us all !!!