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 Bitcoin—with a forecast for it to reach as high as $50,000 in 2018. Why Is Bitcoin Price Changing So Fast?
Because of volatility and because of many noob that buying stupid news or predictions like what you have mentioned here.
If that stupid person believes bitcoin will reach $50,000 this year,for sure the will buy more bitcoin or he can risk to sell hes own house just for this,so what will happen next since this market is manipulated?I guess you already know the answer