Unfamiliar scenario. Will Bitcoin rise in price at the end of 2018

[Paha87]

Despite the fact that everyone is sure-the market is losing its attractiveness, in fact-in November this year, bitcoin is trading at the same levels as last year, exactly before its value for the month increased by 207% and set a record of $20,000

At the beginning of November 2017, Bitcoin was trading at the same levels as now — about $6,500. In the middle of the month, the price of the first cryptocurrency fell below $6000, after which it began to rise sharply, reaching the level of $18 000 on December 8. The record value of $20,000 was set on December 17, then began a long correction, which lasted almost a year.

During this time, the blockchain industry has seen many important events that have seriously affected the market-large countries have started talking about the need to regulate the industry, and interest in digital money has decreased many times. According to some experts, bitcoin will not be able to rise again as sharply in price as last year. So thinks, for example, billionaire Mike Novogratz.

He believes that the cost of the first cryptocurrency will not be able to overcome the zone of $9,000 until the end of 2018, and in mid-2019, the coin will break the historical mark of $20,000 and set new records. At the same time, Fundstrat chief analyst Tom Lee is sure that there are several reasons for growth — including the launch of platforms for institutional investors Fidelity Digital Assets and Bakkt.

Well, we still have to wait and see whether the first cryptocurrency will repeat last year's rally.

More information on the RBC:
https://www.rbc.ru/crypto/news/5be2b6029a794781d8181710?from=main