Hello everyone!! Hope you all doing well.
You all must be pretty excited after witnessing soaring cryptocurrency god Bitcoin. It has already touched $4500 mark (as per my last prediction) few days ago and currently trading around $4350 per unit. What are the driving factors which bring this cryptocurrency so high? Well, there are several factors affecting current hike and one of them and one of the most important factor is split of btc occurred back in august.
Bitcoin reached at unbelievably $4500 mark from merely $2650 in just couple of weeks. This historical hike became possible because people put more trust in this digital currency after split. You can observe this by observing market capitalization rocketing to $70 billion. This is astonishing. It almost covered 50% of market cap of all cryptocurrency combined.
So the question is what's next? Well i still believe that currency will go beyond $5000 mark before november. Remember there is another split waiting in upcoming november. But you don't need to worry about it for now. In addition i firmly believe that btc will reach $6000 to $7000 per unit before end of 2017. So don't worry and keep trading.
Thank you.
I would expect Bitcoin to hit $5,000 very soon due to the SegWit activation yesterday. Litecoin is one to watch out for as well as they will be implementing the Lightning Network, if this goes well it's only a matter of time before Bitcoin implements this as well
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