Bitcoin has seen a sharp decline in the 1st week of September 2018 when BTC price went down 3% in just 10 minutes. Cryptocurrency market is going through a bear phase in 2018 but if we talk about Bitcoin particularly, it has seen many such phases, and every time it ended with a better turnaround. Many analysts think that same will happen again and Bitcoin price will recover by the end this year.
Bitcoin never failed to create that frenzied ambiance, and amidst the volatility, it has been stable to stay secure in number one position. As we know, its the market forces and the adaptability that leads to the ranking scenarios, which means crypto enthusiasts never gave up, and always stayed optimistic regarding the largest cryptocurrency in the world.
The Bitcoin price has increased $200 increase in just a matter of 35 minutes on Aug 28, 2018. This increase happened after the statement of Tom Lee, head of research at Fundstrat Global Advisors.
Traders and enthusiasts are of the opinion that the market volatility comes right before the upsurge. They believe its just a matter of time when Bitcoin ETFs will get sanctioned, and then nobody can stop BTC from reaching their all-time-high.
According to CoinSwitch Exchange - The price of Bitcoin will hover around $10,000 to $15,000 in the last three crucial months of this year.
You can read more about the Bitcoin Price Prediction
Bitcoin price prediction in the next 5 years
