Will Bitcoin Continue to Rise 2018
- Finance
- Watchlists
- My Portfolio
- Cryptocurrencies
- Yahoo Finance Plus
- Screeners
- Markets
- Options: Highest Open Interest
- Options: Highest Implied Volatility
-
- News
- Personal Finance
- Videos
- Influencers with Andy Serwer
- America: Back in Business
-
- Yahoo U
- Industries
- Tech
- Contact Us
-
S&P 500
-
Dow 30
-
Nasdaq
-
Russell 2000
-
Crude Oil
-
Gold
-
Silver
-
EUR/USD
-
10-Yr Bond
-
GBP/USD
-
USD/JPY
-
BTC-USD
-
CMC Crypto 200
-
FTSE 100
-
Nikkei 225
Bitcoin Forecast 2018
Bitcoin has soared by 1372.40% this year and is attracting even more attention. One cannot predict what will exactly happen to bitcoin, though, as it is not backed by anything and does not have enough historical data, so tech analysis may work in some cases and may not in others.
The latest collapse that sent Bitcoin from the high at $19,891.99 all the way to $10,718, questions the long-term BTC rally and all this hype around it. The debate over the 'true' bitcoin is becoming hotter, with a lot of advocates of the more technologically advanced Bitcoin Cash.
Suggested Articles
-
Why Bitcoin Cash is Better than Bitcoin?
-
How to Buy Bitcoin Cash?
-
How to Short Bitcoin?
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
This article was originally posted on FX Empire
More From FXEMPIRE:
-
Energy Annual Market Recap – 2017
-
DAX forecast for the week of December 25, 2017, Technical Analysis
-
S&P 500 forecast for the week of December 25, 2017, Technical Analysis
-
US Dollar Index (DX) Futures Technical Analysis – Move Under 92.75 Could Trigger Steep Sell-off
-
Crude Oil Price Update – Closed on Bullish Side of Downtrending Gann Angle
-
Hate Risk and Want to Invest in Bitcoin? ETF's, Cryptocurrency Index, and Hedge Funds Are Here to Help
-
-
AdExport Stone Crushers to Indonesia
Large Output Mobile Crusher. High Output and Reliability. For Ore/Rock/Mineral Crushing. Cases in 160+ Countries. Excellent Stone Crusher Manufacturer
-
-
These are the types of companies Warren Buffett says you should invest in during times of high inflation
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. And at a 2009 shareholder meeting, Buffett noted that the first best thing you can do to protect against inflation is to invest in yourself and your skills: "If you're the best teacher, if you're the best surgeon, if you're the best lawyer, you will get your share of the national economic pie regardless of the value of whatever the currency may be," he said.
-
AdMeet exactly who you want
Spend Your Time Dating Instead Of Searching. Meet Successful & Passsionate Matches Today.
-
The Stock Market's Rebound Fizzled Again. Why a Real Bottom Could Form Soon.
Investors seemingly can't stop trying to pick a stock market bottom, no matter how bad the news—and it continues to backfire. Consider: This past Thursday, September's consumer inflation report came in much hotter than expected, with the core CPI hitting a 40-year high. The initial response was exactly what you'd expect—the traded down as much as 2.4%—but then it started rallying…and rallying.
-
Ad15 Vehicles That Can Run Forever
These Cars Have No Problem Getting Past 250,000 Miles - Is Yours on the List?
-
Tesla Stock Is Down 50% From Its High. Time to Buy?
Investors were surprised by the big rally in the stock market on Thursday, but Friday brought another dose of reality and disappointment. After having posted monumental gains despite high readings on inflation, the Nasdaq Composite (NASDAQINDEX: ^IXIC) closed at its worst level of the year, and the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) gave up most of their advances from earlier in the week. One of the biggest stock stories of the past several years has been Tesla (NASDAQ: TSLA).
-
Ad12 Foods You Can Eat a Lot of Without Getting Fat
List Of Healthy Foods You Can Eat Without Gaining Any Weight
-
AdGo Green with Green Financing
Building sustainable cities with green financing
-
1 REIT You'll Wish You Bought In October 2022
The stock market is reeling from the pressures of a potential global recession, and central banks around the world are gearing up for the most aggressive interest rate hikes in history. The United Nations recently warned that the world is "on the edge of a recession," which will likely be worse than the pandemic-driven recession in 2020 or the global financial crisis of 2008. Understandably, U.S. equities have taken a hit, with the S&P 500 index registering the worst monthly performance in Septe
-
2 Dividend Stocks Under $10 With at Least 10% Dividend Yield
Making investments pay out for the long term is the true challenge in today's market environment. The series of headwinds piling up – from persistently high inflation to rising interest rates to slowing demand to bureaucratic bloat – are rising to hurricane force, and renewing investors' attention to defensive stocks. It's only logical. The classic defensive stock, the dividend payer, ensures an income stream no matter how the markets move, and if the yield is high enough, these stocks can also
-
How to Make $1,000 in Dividends Every Month
Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.
-
AdReality TV Shows That Are Completely Fake
Fake Reality Shows That People Believed Were Real
-
California kidnapping, slaying suspect pleads not guilty
The California man accused of kidnapping and killing an 8-month-old baby, her parents and uncle earlier this month pleaded not guilty Thursday. Jesus Salgado allegedly kidnapped the family at gunpoint from their trucking business on Oct. 3. Authorities say Salgado, a former employee with a longstanding dispute, likely killed them within an hour.
faithfulyeatcheed.blogspot.com
Source: https://finance.yahoo.com/news/bitcoin-forecast-2018-091252445.html