In 2017 the price bitcoin increasing so fast in the last few month but According to me the price of bitcoin will hit 20k-30k by the end of 2018.
There is no doubt about than but there bottom line will be if bitcoin can repeat the same crazy achievement which it did last year which is surging it's value to an unimaginable level or this year will be more of fluctuations ? I believe 39k will be the decent mark if we can reach that by the end of 2018 without any further dumps.
What kind of analysis? What kind of research? What is the value of bitcoin today and why is the price so huge today? Any coin is assigned to a certain type of service or product, but Bitcoin does not have anything. What then are its values?
How you say bitcoin does not have anything ? Bitcoin has big technology backing up and all new concepts for entire human race. The services and products are yet to be tied up with bitcoins as so far value and popularity are just the reward for the innovation of such a all new momentary system.
Gold is basically a metal and similarly diamonds are old stones. Still we are ready to pay for them given that we can sell for some value in future. Does gold and diamond has been assigned to any product or services ? If so, why not bitcoin may replace or join with them. ?
At bottom line, back to topic that I am expect bitcoin prices to test $100k to $250k price levels by end of this year and we can expect one million dollar levels by end of 2019.