The total capitalization of crypto curency has increase durring this week from 430 Bln to 453, Bitcoin Price has start another pullrun durring the past week raising from 9000 USD to 9600 USD, the 10 major crypto markers have all posts profit for investors, starting with ethereum that was the major gainer of the top 10 crypto marekts raising from 500 USD to 801 USD .
Why I am bullish for the price of bitcoin and crypto markets for the future :
1-Goldman Sachs, one of the largest investment firms in the world is taking the plunge in the crypto currency world , also some largest banks as BlackRock, soros fund management are getting in the crypto world .
2-The increase in the mass adoption of cryptocurrency in the world .
3-The recent development in technical updates on the major crypto currency as : Zcash, Monero, Ethereum Classic ...... etc .
Bitcoin :
After the Race that push Btc to go up from 8900 USD to 9800 USD, the price has face a resistance around 9800 USD, and now it's traded around 9600 USD, i think that BTC will make a correction to 8500,then start another bullrun, the targets for me will be from 1100 to 12000,i advice you to hold if you have already bitcoin, and also if you are looking to buy bitcoin it's the best time to buy .
Bitcoin Graph from Coinmarketcap
Hey there,
I also share your bullish opinion on bitcoin. We are just at the beginning of a major bull-market as the cryptomarket is still quite smal in comparison to the stock market.
If people realize that bitcoin and other cryptocurrencies can be used to pay for real assets, markets will grow even more.
Yes my friend crypto currency are the future