Bitcoin had a major correction on the 17th of December at a high of around $19800. I perceive that around June it will hit $3000 and then by July hit $1000.
Look at this chart. It has been falling almost as fast as it went up. As we all know in crypto when theres a large spike and crash, at the bottom it will always rise up and while some crashes take hours or minutes, bitcoins market cap is so large and the price is so high that its been taking a long time to hit rock bottom.
The hype of last year was incredible but unsustainable. Bitcoin is probably one of the worst coins to have. The transaction time can take from an hour to weeks due to overload on the blockchain and outdated technology. Fees are insanely high and there are much better coins last year, but about 50% of the market cap is Bitcoin.
I see either Bitcoin go into a fall hype like last year and drop around Christmas time or another coin will be on the rise and very well could possibly be Bitcoin Cash.
Fees are nothing, It has an 8MB block compared to Bitcoin at 1 and the developers might raise it to 32MB. The transaction times are lightning quick.
I see the rise in crypto in the Summer of 2018.
Hmm possible and if so oh man what a buying opportunity
Good post
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