LIVE#Bitcoin Price : What's Next ?
A well known analyst, Checkmate, thinks Bitcoin price will stay stable but volatile for next 6 months, based on past patterns. After that, it might go up a lot for 6-12 months. He believes this because Bitcoin's history tends to repeat itself.
Checkmate also point out that big price drops, like the one in April, are normal and healthy for the market. He's not only the one who thinks this. Charles Edwards, from Capriole investments, agrees and warns that market is very optimistic and might need a correction.
Edwards advises investors to be prepared for some price drops and waiting for a better time to buy. He thinks the market might be stronger in the long run if it has a small correction.
Overall, experts are watching BTC price and think it might stay stable for a bit before going up again. But also warns of potential price drops and advise investors to be cautious.
Join FREE for SPOT SIGNALS.
LIVE