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January 30, 2018, 11:14:01 AM |
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In mid-December, Bitcoin took a wild ride where it reached to the $19,000 and people almost go crazy for it. Everyone just wanted to have bitcoin and some other cryptocurrency in their wallet to make their future secure but who knew that bitcoin is going lose all its charm in few weeks.
People bought cryptocurrency at high prices but then in the first week of January bitcoin prices crashed down to $11,000 after several countries started to crackdown against cryptocurrency and it badly affected the value of bitcoin.
Experienced analysts and traders have made a prediction about bitcoin that it’s going to reach $25,000 or more in 2018. It was hard for bitcoin to get stable in January and to make people recover their amount from the cryptocurrency market.
Technically it’s a rule of trading that when something goes to its peak then it crashes to give rest to the market and to give chance to the buyers so they can buy some coins and have profited from it. After a deep breakout of a value of bitcoin, but another day it gets recovered from the loss and reached the point $12,000.
The question of every trader and investor after shaking January is that what they should expect in February 2018? In the last days of January, it may feel like that it’s still going to stuck in between $11,000 to $12,000.
In the mid of February chances are that bitcoin may drop to the $5000 but if in the starting of the February bitcoin reached to the $13,000 then chances are it will start a new journey of prices.
This triangle pattern of the prices may revolve like this till February if traders and investors are going to show their interest towards the bitcoin and they can hold the coins for long then bitcoin can get back to the old prices.
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