Hi Guys, How are you? Since last 2-3 months, we have seen huge ups and downs for bitcoin. We know that Bitcoin has to face many more challenges in future, whether it is regarding its regulation policies or its volatile nature. Several factors are reasons for its volatility like someone's statments, its technology or block size.
Now let's talk about its future: Current Market price is around $5500 , It has strong support level at $5220, Bitcoin has passed all major challenges during this year. Now there is only one challenge left : Segwit 2x. After splitting into 2 coins during last Segwit process, Price of bitcoin has increased drastically while other part named "Bitcoin Cash" has failed to impress traders and investors. Same case is gonna happen this time, Bitcoin Gold has failed to impress traders and investors, even miners also. So We can trust Bitcoin and put money on it. If we talk about Altcoin, then they are recovering in this week, and they will be back on their track after 21st October. We have seen huge crash in altcoin market in past couple of weeks:
DGB crashed 400 satoshi to 150 satoshi
XVG crashed 190 satoshi to 85 satoshi
LBC crashed 250%
If someone is trading on altcoins, then they can go for these mentioned coins to get huge profit in upcoming weeks.
My predictions for BTC: $6600 in 20 days , Since I am not expert, you can check Expert's prediction for Bitcoin in 2017