Bitcoin surpasses $18,000 for the first time in 1.095 Days! Is $19,000 next?
Bitcoin soars $18,000 for the first time after a long time and hits a new yearly all-time high, leading the price all the way up at $18,600!
Unfortunately, its attempt to keep the price high didn’t last more than an hour and dropped back to $17,400. Many analysts believe that the primary cryptocurrency lost almost $1,000 of its value due to the huge sell off. It is obvious that many investors sold their cryptos to raise cash or change into other assets.
In any case the King of coins responded immediately to its latest loss and drove the price back to $18,000, but it failed to maintain the price once again and currently fluctuating one step below $18,000.
Despite the selloff, many professional investors of Blockchain industry have faith and believe that Bulls are going to start a new “cycle” setting as benchmark the $19,000 price or higher than this.
Analysts are confident about a new all-time high but even though it is still fighting to beat its previous record. What matters the most is that Bitcoin still has time to make it, as many experts state that the new ATH will come by the end of this year. Only in case that something goes really wrong could change things radically and lead the price down.
Important notice: There is a rumor going around that BTC could reach up to $100,000 in the next five years, if it keeps performing the way it does now, and maybe at $1,000,000 by the end of 2035!
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