Last 3 weeks growth has been slow, steady and strong amongst slight price fall now and then. Experts said the price would grow back by end of April and yes it happened. So will bitcoin price hit $20K by August 2018? I am sure yes if this current growth trend remains as it is.
What are your thoughts?
One piece of advice – never rely much on these technical analysts or so (whatever you call them). Their predictions are not always 100% accurate, no one can predict the price of Bitcoin or other cryptocurrencies either. And I’m quite confused why people keep on trusting these technical analysts, I thought that the price of Bitcoin is determined by the rate of demand.
So how are you able to know when people will start investing? 🤔 You won’t know that 100%, though some signs can help you tell when the price might go up, but you can’t tell the exact price it will reach, it might just go from $6500 to $7000 and drop back again to $6500,lol, that’s still a rise😂. So nobody knows the price of Bitcoin, but you can actually predict if it will go up or down, but nobody is sure 100%.