Bitcoin recovers?

[Mlc]

Bitcoin the much loved digital currency Is expected to soar again,  Despite the excitement being generated in the world of cryptocurrency, to the tune of a $200 billion market value, 2018 has been a decidedly bad year in terms of increasing valuation.

Since reaching a record high in December 2017, when Bitcoin prices soared like a rocket to the moon to end the final quarter of the year, BTC and the majority of the altcoin marketplace has seen a steady fall in price over the last ten months. During that time, there have been a number of stories, indicators and wishful comments made that the cycle will break before the end of 2018, with at least one more huge leap for BTC before we enter the new year. However, last year’s all time high of near $20,000 is appearing to be more and more of a longshot as we enter the final quarter of the year, with the potential for another huge increase for the coin also looking less likley. .But There have been bright spots for Bitcoin valuation, particularly in relation to news surrounding the development of a BTC Exchange Traded Fund.Prices were able to briefly reverse their downward trend in July and the beginning of August, as more analysts called for the almost certain delivery of a BTC ETF which would signal the entrance of “institutional money” into the crypto markets. While most still predict that an ETF is an inevitable feature because of regulation, the U.S. Securities and Exchange Commission cut into the price excitement with announcements that it had denied the lion’s share of proposals, with decision over frontrunner VanEck’s BTC ETF being delayed multiple times now.

Bitcoin prices fell once again in the aftermath, sticking to their relative floor of $6,000. But the damage appears done, as the coin sits nearly 70 percent down from the last all time high and with little to spark a bullish run in the final months of 2018 apart from an SEC ruling on the aforementioned ETFs.For those interested in the development cryptocurrency aside from the fast riches afforded through overnight price appreciation, the slow burn of 2018 could be viewed in a positive light a year from now. The massive climb in crypto pricing that occurred in the final month of 2017  has proven to be highly unstable hence the decline in value of the marketplace. Shedding much of that bloated investment over the last year could have the effect of allowing the price to grow more organically in the future, or we could see another leap as investors retrace the gains already baked into the market cap of crypto.

Most crypto users  are still holding on the hope of a repeat of last year with a rise that will go beyond the current record and proving once again that bitcoin can recover and  is here to stay.

what are your thoughts for the end of the year will it rise above , stay the same or decline in market value ?

 

[EddieFx]

In hoping it will go up but actually I think it will go down a little/stay the same  

[williamshennie9]

I think the price of BTC will stay in the range of $6000 - $7000 for many more months. I think it will take either a big selloff or a huge investment into BTC to get the price out of this range.

[Edward]

I'm feeling pretty comfy in this $6k range. If it drops below $5k I'd start getting a tad worried though 

[athena2007]

2 hours ago, Edward said:

I'm feeling pretty comfy in this $6k range. If it drops below $5k I'd start getting a tad worried though 

dont worry eddie we will donate and help you.. you will not be without the olives to your bread lol,,,x

[Etude]

Seems to be some rumors going about that Bitcoin price would explode upwards as we close in to the end of the year 2018. There is so much expectations for it to climb to a unexpected price range.

[Rantly]

I Think bitcoin will jump back to 15k in a couple of month but who dont i might be wrong (

[blueprints]

I think it will rise by the end of the year. It has done the same movement every year, lowers in summer and rises in winter, but then again we never know! Maybe this year bitcoin will die/crash and RIP forever. I think bitcoin has potential though and resilience. Its a big boi coin, so i think to kill it would require something truly catastrophic. 

[gotmebro]

4 hours ago, Edward said:

I'm feeling pretty comfy in this $6k range. If it drops below $5k I'd start getting a tad worried though 

yeah Eddie, quite get used to the 6K as long as it maintains this level. Everything is fine

[Mahdirakib87]

Bitcoin will recover and it will cross it's previous ATH. But it will take time sure. Cause cryptomarket is violating now. It needs a more stable place. Then we can see new records of price.

[77kdub]

I feel like it will climb back up to the $20k mark eventually,  I really don't see it going any lower but even if it does I'm still confident it will climb back up to $20k if not more.