Bitcoin Prediction for next 8weeks
Over the next few weeks, there is going to be a great deal of volatility within the Bitcoin universe. With actions such as the Chinese exchange closures, the subsequent Chinese exchange re-openings, the SegWit2 drama, there is going to be some wild swings.
So here is my prediction.
The Bitcoin price is going to plummet to within the $2000's for maybe a day or 2, then the investors who were waiting for this to happen will swoop in and the price will steadily climb over a week or so back to the $3500 level. Then depending how the Segwit 2 goes, the price will either repeat that pattern, or it will climb again to the $4500 mark.
I think by the end of the year, bitcoin will be holding support around the $5000 mark with swings up to about $5400 and back to $4500.
Yes Till This Year it Hold at around $5.4K But With Fluctuation of Aroaund $2.4K to $2.6K
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