Hello everyone, this is John from Crypto Investing Insights and in this video I’ll be discussing some of the most popular Bitcoin price predictions for 2018.
Over the past few months, Bitcoin’s price has been on a roller coaster ride. After hitting an all-time high of nearly $20,000 in December 2017, the price of Bitcoin quickly plummeted to around $6,000 in February 2018. Since then, it has been trading in a range between $7,000 and $10,000, with occasional spikes and dips.
So what can we expect for the remainder of 2018? Well, many analysts have different opinions and predictions. Some believe that Bitcoin’s price will go up as high as $50,000 by the end of the year, while others are much more conservative and think that it will stay around the current levels.
Analysts who are more optimistic about Bitcoin’s future often point to the increasing number of institutional investors entering the market. They believe that these investors will provide the necessary liquidity to push the price up.
At the same time, there are those who caution against getting too optimistic. They point out that Bitcoin is still a relatively new and untested asset, and that its price is still extremely volatile. They also point out that governments and central banks are still uncertain about how to regulate cryptocurrencies.
So, it’s really up to you to decide which prediction you think is more accurate. Do you think Bitcoin will reach $50,000 by the end of the year? Or will it stay around current levels? Let me know what you think in the comments below.
Thanks for watching.
