People are hoping that the same momentum will take place this year too. So if this happens, won't people be ready for buying at this price.
Or lets say if the price really goes high and when the year end comes, won't the people sell it before the decline arrives ?
If people start selling, don't you guys think that the decline will arrive much faster than the last year ?
P.S : My point is, we can't expect the price to rise and fall the same way as the last year.
You are correct.Both the raise and fall is happened in last year.At the beginning of last year,bitcoin is struggled to reach 2000$.It was come true at the month of August only.In 4-5 months the price of bitcoin reached 19,000$.This is the power of bitcoin as compared to other cryptocurrency.