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.
Barhydt says that with the participation of hedge funds managers and institutional investors from West, Bitcoin will witness a huge price recovery ahead this year.
The latest correction in Bitcoin has brought it close to the dangerous levels of a “death cross” but analysts still prefer to remain bullish as many say the pain is “largely over”.
Lee, in his analysis, has presented a new Bitcoin Misery Index which is a contrarian indicator which meaning the lower Bitcoin goes, the higher are the chances to rise again.
Bitcoin is currently trading at crucial levels from where it can finally make-it or break-it. Experts opinion still remains divided.
With a momentary spike above $11,000 levels, the price of Bitcoin has pulled back down again and is consolidating around $10,700 levels.
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.
According to yesterday published JPMorgan’s Global Research, despite it will be very difficult for cryptos to completely displace government-issued currencies, they can play a decisive role in the diversification of global bond and equity portfolios.
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.
Bitcoin’s expert Tom Lee joins cryptocurrency enthusiasts, betting on the king of altcoins to skyrocket in upcoming year. Despite all misfortunes that altcoin has come through from the start of the year, he has forecasted Bitcoin to hit $125,000 benchmark by 2022.
Kay Van-Petersen believes that 2018 can bring Bitcoin a significant rise and expresses support for the future of Ethereum.