There are no days without news of Bitcoin in many media, the vast majority usually speak of falls rather than rises and the reality of the market is that we are within a Bull market of books in this year 2017 that is nearing completion. Logically increases are not linear, we can find healthy corrections that are not crashes (still) as some media sell and even more with these increases in volume both in daily circulation and at the total level of market capitalization (134, 000 M $).
We have to be aware that there is high volatility in the cryptocurrency markets because we are still in its birth of use and acceptance globally, not only with Bitcoin, but with many other crypto currencies, we will not enter to explain them now, but more forward we will do it fully.
The big question that many are asking is, does this have an end to rise? Are we at the end of bullish record?
If the answer is medium or long term, we certainly have a long and bullish way to go. If the answer is thinking short, it is true that we are growing a very high volume and some corrections that we are used to may come.
In this month alone it has risen 26% from the symbolic figure of $ 8, 000 this Sunday. This year 2017 is the year of Bitcoin explosion where we have seen € 773.78 = 1 Bitcoin (14/01/17) to € 6, 830.55 today, which is more than 880% .
Images showing the price from the Bitfinex and Coinbase wallet. We can associate this sudden rise to the cancellation of the SegWit2x Hard Fork that we all expected, plus the inclusion of Bitcoin futures that we have at the doors that will lead to more increases, with some temporary corrections between means, with the objective of, why not, reach $ 10, 000 in less time than we think.
Let us also bear in mind that the participation in the Bitcoin cryptocurrency market is currently 56.2%. Continuing to be the most important cryptocurrency in the market, with respect to Ethereum (2nd position with about 15%)
As Coinmarketcap shows, the cake is beginning to grow considerably and we must take into account that both financial institutions, Wall Street, central banks etc. They are not ignoring these movements but preparing to enter fully. Hence the news that will come shortly about the entry of futures in cryptocurrencies that will open the market to speculative positions.
Bitcoin comes to stay, and it is best to prepare.
What is your opinion? What is your prediction for the value of Bitcoin in the coming years? Leave it in comments!
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