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It almost feels as if the whole world is waiting for the next cryptocurrency market uptrend. Whether or not we will see any major developments in 2018 remains to be determined at this point. If Pantera Capital is to be believed, however, a major Bitcoin price turnaround is coming in the next two weeks. It’s a rather optimistic prediction, but it’s not impossible.
TIMING THE NEXT BITCOIN BULL RUN
With such a lot momentum poignant the Bitcoin worth last week, it's become rather evident the year 2018 is something however positive thus far. With all costs blooming onerous within the initial six weeks of the twelvemonth, individuals square measure growing involved concerning the longer term of cryptocurrencies. even supposing such negative trends square measure rather common within the world of Bitcoin, this recent dip is kind of spectacular. Percentage-wise, it’s not the worst in history, however the worth dropping from US$20,000 to US$6,500 was quite scarey for novice holders.
According to Pantera Capital, it’s solely a matter of your time till the market turns around once more. additional specifically, they predict the Bitcoin worth can see some major optimistic momentum within the next period of time. They initiated a 71-day numeration once the Bitcoin worth started slippy. They’ve calculated that Bitcoin has lost sixty fourth of its worth since reaching its incomparable high late last year. it's quite an steep retracement, however one that was certain to happen sooner or later.
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DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.
I'm running a bitcoin full node on one of my old PCs and I can see real time when the volume comes in. Thank you for your awesome comments and research.
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