Bitcoin to usd forecast 2018

Suggested Articles

There’s some more to it. With the great demand for bitcoin over the last 5 months, a large number of funds flowed into the market. The growing number of transactions have complicated the matters for crypto exchanges, which lead to withdrawal issues. More and more pieces of news are coming in, telling about cryptocurrency wallet malfunctions, while the users keep complaining about transaction glitches. All this is not the best news for bitcoin. Besides, BTC is becoming a synonym of speculation, which also makes some people shun it and turn to altcoins with less speculative hype and more growth potential backed by technologies.

BTC is likely to continue its current long-term trend in Q1 2018. After the correction, the price will try to reach $20,000 and then go ahead towards $25,000 or $27,000 by the middle of the year. Any predictions beyond that are pointless because of Bitcoin’s extreme volatility.

This article was written by Dmitriy Gurkovskiy, Chief Analyst at RoboForex