Phillip Nunn, whose predictions about Bitcoin’s future have already partially come true, believes that in 2018 Bitcoin will be traded for $60,000.
Thomson Reuters, the leader in the sphere of intelligent information for businesses and professionals, has decided not to stop at Bitcoin and announced expanding its sentiment data feed to 150 cryptocurrencies.
The latest report counters the conventional wisdom that the volatility in Bitcoin prices is due to short-term investors exchanging multiple hands.
Although the cryptocurrencies market now is in its declining trend, Tom Lee is still very positive about the future of Bitcoin.
Lee also some of the reasons which caused the resistance for the Bitcoin price rally last week.
After hovering around $6,939 earlier these days, Bitcoin has gained over $1,000 in just 45 minutes this morning, breaking the $8,000 mark.
Owing to a lot of favorable events lined-up in the crypto markets, they are poised to make a comeback in the Q2 of 2018.
Having added Bitcoin sentiment to its financial data feeds, Thomson Reuters will help professional traders from all over the globe in their activity.
Crypto markets are now showing some signs of recovery consolidating around $380 billion over the past week.
Bitcoin is currently trading at crucial levels from where it can finally make-it or break-it. Experts opinion still remains divided.
Dan Morehead, the founder and CEO of Pantera Capital, believes that bitcoin bear market is about to turn bullish. He expects Bitcoin to start rising in the next couple of weeks and reach its new highs.
Being highly volatile, Bitcoin price is a subject matter for many analysts. Ronnie Moas predicts that Bitcoin will hit $100,000.
Some experts call it “healthy fall”and blame numerous governmental restrictions for the Bitcoin slide while many investors try to get rid of the cryptocurrency by all means.