In my opinion bitcoin really in a bubble, which will cause a significant correction in the coming months, which will be reflected in a sharp decline. However, because of its yield, the currency will not disappear but will return to rise.
In addition, I estimate that towards 1 January 2018, the price of the currency will rise to the range of $ 21,000 to $ 20,000.
All of this indicates that we are moving towards the explosion of the bubble in the long run! I do not know how long and how significant it will be. But, in my opinion until the beginning of 2018 the currency will continue to rise significantly. As I said, I estimate that towards 1 January 2018, the price of the currency will rise to the range of $ 21,000 to $ 20,000. In the meantime, there will be a decrease of about 15% during the month.
Well, we would not know yet unless the bubble bursts. I hope we won't keep calling it a bubble until the value reaches $100k though. I am not depicting the fact that what we are seeing now could be some bubble sign and it sure really does, but no one really knows. We may just be seeing some huge level of adoption and classifying it as a bubble, but time obviously would tell.
will we see bitcoin price continue going up or will it crash?
Bro! We are extremely very close to that $20k and anything can happen even before the end of this year. So many of us were waiting for the almighty $15k by the end of the year and now we have shifted gears forward for even a higher one. Bitcoin has been highly surprising and it is definite that we can even still expect more than we can actually imagine.
