BTC: $8k Short + Prediction

2018年5月23日

Bitcoin is the king of indication for crypto prices. This is true given that it is the first. Just like if the stock market index does bad, usually the stock market isn't healthy. The same applies to the price of Bitcoin. Right now it is trailing around an 8k expectancy given the recent negative correlations. (Though it was trailing towards 9k for a while). It seemed to have a slow recovery from the holiday seasons as well as a recent clash of negative news surrounding it. Many people look at the price of BTC through a short term investor's lens, and aren't seeing the big picture. I thought if the lightning network was released earlier, BTC would trail around 25K to maybe even 30k by the end of 2018. I am still at the HODLing stage for my crypto. However, my expectancy for Bitcoin is that it will likely be closer to 15k by the end of 2018. Lots of improvements need to be set in place including segwit and the lightning network. Also market resistance needs to change. Overall, this is a medium risk investment.