It is July 8th, and the Cryptocurrency market is already experiencing an amazing year. At the moment it is experiencing a drop, but many experts say that a fifth wave of growth is coming. Especially for the Bitcoin, which is the world's first and most expensive cryptocurrency.
The value of the BTC surpassed the 1000$ mark in and then again in February. By March, its value surpassed that of gold!
In June, the BTC set a new record, reaching values above $3,000 before finishing the month at an approximate value of 2,500$
BTC’s first-half gain was approximately 168% this year, which made many people believe that it is a bubble.
On of the largest experts to weigh in on the future of BTC is Sheba Jafari who is a head of technical strategy for Goldman Sachs.
On Sunday, July 2 he sent a note to clients, advising that while the value of Bitcoin is dropping at the moment,
The latest expert to weigh in on the future of Bitcoin is Goldman Sachs head of technical strategy, Sheba Jafari. On Sunday, July 2 Sheba Jafar sent a note to clients advising that while the value of Bitcoin may drop, it is ultimately likely to go even higher than the last peak.
Jafari believes that the BTC is still in the midst of a 4th corrective wave, and it might fall as low as 1,850$- a drop of approximately 25%. He says that BTC investors shouldnt worry about the drop very much, because the currency could hit a record value during its fifth wave, perhaps as high as 4,000$.
Even if the valuse of BTC reaches the mark of 4000$ or not, 2017 will still go down as a historic year for the Cryptocurrency market.
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