Will bitcoin price reach $6000 in August 2019? What is the reasons?
IN current scenario it seems to be difficult but
Crypto currencies are highly unpredictable/ volatile.
These are mainly based on the speculations and trend change very sharp.
Same has happened again, some news/ speculations have spread and all the investors got panic and started selling their holdings.
A crypto market is not regulated by some regularity authority so there is no one to safeguard the interest of small investors.
As some large selling and buying is observed or some news is broke, crypto market reacts very fast.
In situation like this one should remain calm and should not take decision in haste.
Decentralized technology is still new to the world. Its market penetration and adoption is still negligible.
With the passage of time as more and more people are aware of this technology, it is becoming more and more popular.
Now even many countries has started accepting this as currency and many other are in the process of adopting.
So in future a more countries will jump into it and it will gain more trust of people. Its value will also increase.
To the question in your title, my Magic 8-Ball says:
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Wow....... Now (2019 April) BTC price at 5K, very big surge from 4K on last month.
The question " Will BTC price 6K on August?" may be will be asked this month.
So the important question now is "why it happen???" what behind that surge???