bitcoin rate analysis for future?
if we look at the past trend of bitcoin rate we will find that bitcoin prices go down in first quarter of every year and get momentum in last quarter in that perticular year.
i will give you last three years bitcoin rate according to coinmarkatcap.
- year 2015-16
first quarter lowest rate of the year - 188$
last quarter highest rate of the year - 472$
- year 2016-17
first quarter lowest rate of the year - 370$
last quarter highest rate of the year - 1010$
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- year 2017-18
first quarter lowest rate of the year -1050 $
last quarter highest rate of the year - 19450$
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$
but 2018 is an exception . if we look at the trend in 2018 we will find that due to, so much nagative news, reguletary measures and speculations regarding market , bitcoin market shows down ward trend. but couple of days back market shows some corrections.
Bitcoin has risen around 15% during the last ten days, after falling approx 40% in May and June. The market cap of bitcoin stands at US$115 billion, with US$3.50 billion traded in the past 24 hours.
if the market goes with current trend we can expect that btc price can reach to the level of 15000$ back with in short span of time.
so cheers and good luck
But i think its really hard to beleive that bitcoin regain its peak point
yes but bitcoin repeat its history
Why would that be hard? History repeats itself every day, every month, every century...
Don't fall for psychology of the masses!
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i think it will go between $15000 to $20000