Many people are looking for guidance in the future bitcoin prices, to be familiar with this encryption currency of the people, the current market momentum seems not to have what meaning. After surging last year, bitcoin now seems to be in full speed ahead.
This year the price of bitcoin seems to have once again reached $4000, and this is not because bitcoin is currently in the bottom. Mainly because bitcoin one or two weeks ago fell slightly lower than the low of $3000 after a strong rebound in all markets. Therefore, this trend also surprised many people, mainly because people expect the market will be the first to face more negative growth pressure.
This bearish mood recently echoed by other investors, mainly because there is a previous example shows that bitcoin depreciated by 90% in a record high after. This adjustment is often necessary, but can bring a more healthy market in later.
Although industry analysts seem to believe that bitcoin prices will not fluctuate significantly, but in the near future, the world’s leading bitcoin encryption currency could not exceed $4600. The current trend of promoting bitcoin exceeded $4000, in the long run, this trend may do more harm than good.
It is clear that this trend will not continue for a long time. This does not mean that bitcoin will depreciate again in the next few weeks, but its gains may soon stop. When this happens, bitcoin prices naturally will soon fall to a lower price to $1200 to $3500.
Bitcoin may also need a few months to return to the bull market. Although most speculators want to see things happen faster, but not what can ensure the stock market will rise rapidly. In this industry, but can usually win the competition.