BTC prediction from a financial analyst $30,000 in 2018

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BITCOIN has received a price boost after its recent turbulent period, with a financial analyst predicting it could jump up above $30,000 in value in 2018.

Bitcoin has experienced a rocky month amid reports of tougher regulation leading to a mini market crash.

Imran Wasim, a financial analyst at AMSYS Group, told News BTC he was far from downbeat, predicting cryptocurrency will become “more mainstream” in 2018.

He added: “It has dropped in price, this is good.

“A lot more money is going to come into bitcoin, bitcoin will go up around $30,000-$35,000 this year – next couple of years? $100,000.”

While revealing he had “no idea” when the price could shoot up, Mr Wasim added: “It is going to happen, because of its a store of value.”

Oliver von Landsberg-Sadie, the founder of cryptocurrency brokerage BitcoinBro, said bitcoin is simply experiencing “growing pains” as the marketplace matures.

I think we’re seeing growing pains.

Mr Landsberg-Sadie said: “I think we’re seeing growing pains.

“You refereed to regulatory setbacks but I think these are regulatory steps forward.

“South Korea’s stance on making sure that the exchanges know who they’re dealing with is a very positive step.

“But it did have a hit on bitcoin.”

He said the regulation of bitcoin and its changing price was a sign of the market “growing up”.

Mr Landsberg-Sadie added: “I think the regulatory environment is one of few factors contributing to this correction, which I see as a very healthy correction.

It’s a step in the right direction.

“It’s a sign of the market growing up and it’s recognising that cryptocurrencies are not a tool for money laundering or illicit use.

“I think it’s a step in the right direction.

“I think they’re the right kind of change we need to the money system but it needs to be done right.”

Bitcoin Price Predictions 2018: How high can Bitcoin price go in 2018? Up to $1 million or down to $100? (In-Depth Analysis)

Bitcoin prices in 2018 have been marked by volatility which has made bitcoin price prediction in short-term a bit of a challenge, even for the experienced analysts. As at the time of writing, the price of Bitcoin took a dip from 10k to under 8k following news that search engine giants, Google will ban crypto-related ads. So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017.

History generally has a way of repeating itself but bitcoin has a lot of history which makes it an equal challenge predicting which history will be repeated. It takes more than a study of past trends to get predictions spot-on this time and so we ended this article by highlighting certain area expert analysts were looking at.

Analysts, enthusiast, and industry figures have very diverging opinions and bitcoin price predictions for both long and short-term. Optimism is still high in many quarters—reports of a new survey among British financials suggest a wide majority will buy more coins in hope of price resurgence later this year.

As we delve into who’s saying what and why, here’s a heads-up. Expect a lot more price fluctuations in the interim. It’s going to be a bumpy ride getting to wherever Bitcoin is headed by the year’s end.

Surely, Bitcoin is headed up – John McAfee

John McAfee, Bitcoin supporter and founder of the popular McAfee antivirus software, is being very positive about Bitcoin. He predicted that Bitcoin price will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.