BTC/USD Small Price Dip

21 de dez. de 2017

The price of Bitcoin is going to have a small negative dip, with the market cap of the entire cryptocurrency industry being between $550 Billion and $625 Billion. BTC is expected to have between 43 to 45% dominance. With the dip, some altcoins are expected go up. The dip may be as a result of new competition, pump allegations in Bitcoin Cash, higher transaction fees, and some instabilities in other cryptos like BitConnect. However, in the next few weeks a rebound is very possible and a bullish run where BTC can be positive again is likely. An expectancy of passing the 20k mark can happen within the first quarter of 2018. However, it is still medium risk but definitely worth investing as market potential continues to grow.