Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently doing downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?
Not everybody, some speculators actually predicted such a scenario we see now with the bottom between 3000$ and 5000$, but same also predict 50 000 by the end of this year (BitMEX Co-founder Arthur Hayes).
BTC is one of the most risky investment these days, and no one should not be surprised at all with what's happening in the past few days. We seen before that price can jump 1000$ in a day easy, it can also go in the opposite direction.
I am always optimistic when it comes to
BTC, but short term situation is not look good - chances for even lower price are certainly quite possible. Based on last years it is well known that beginning of each year is not the best time for
BTC, so it is not realistic to expect recovery in the following months.