5 Reasons The $10,000 Bitcoin Bull Run Will Be Unstoppable

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Bitcoin may be down Around 40% on its year to date, but appears to be swiftly recovering from a recent downturn that saw prices drop to almost $5800 at the beginning of the month. While the cryptocurrency market may be breathing a collective sigh of relief as the value of the dominant crypto begins to ascend into the $10000 resistance zone, it’s highly likely that we’re about to see a repeat of Bitcoin’s late November 2017 ascension— but this time, we’re going to the moon.

Here is 5 Reasons Btc Break $10,000 mark soon.

Historical Data

Bitcoin first broke the $10000 ceiling in November last year and soared to $17,000 in a little over one week. Bitcoin has remained impetuous over the course of its tenure as the reigning king of the crypto market, defying prediction and exploding in breakout runs without warning.

Regulation Process

The behavior of regulatory bodies around the world has a profound impact on the price of Bitcoin and the health of the cryptocurrency market as a whole. In recent history Bitcoin prices have taken a savage beating due to rumors of crypto-bans in countries such as Korea or China.

The regulatory outlook for a Bitcoin bull run in 2018, however, is looking extremely strong. With Arizona considering allowing residents to pay taxes in Bitcoin and the US House of Representatives pivoting to a positive, supportive stance toward blockchain technology, it’s clear that Bitcoin and blockchain technology is rapidly approaching widespread legitimacy.

Institutional Money are coming in this Battle

Bitcoin has now “died” more than 250 times according to media but, in reality, the crypto Trend has only just started and the institutional money is about to arrive.

Famous Investor JP Morgan Chase CEO has recently changed his tune on the Bitcoin debate, acknowledging that “The blockchain is real”.

Ultimately, interest on an individual level catalyzes interest from the institutional level. With Bitcoin hedge funds raking in profits and institutional investors such as Goldman Sachs considering entering the crypto market directly, you can bet that Bitcoin is return to $10000 has institutional money champing at the bit.

Lightning Network( the Real Solution)

The number one issue plaguing the Bitcoin blockchain at the moment is scalability. While Bitcoin may be the biggest Popular token in the crypto Market, it still hasn’t been able to surmount the ever-growing issue presented by increasing transaction numbers.

As it stands, Bitcoin can only process around 7 transactions per second. Bitcoin’s recent surge in popularity has slowed its network almost to a standstill, with average transaction confirmation times stretching out to several hours and transaction fees reaching almost $40.

Adoption Progress

2018 is for Crypto adoption so 2018's Bull run have Mighty possibility.

Coinbase start allow to crypto business on 15th of February, facilitating the use of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin as an everyday payment method.

Many countries are passing the rules for regulate crypto as real world solution.

Even Google, Microsoft, Facebook are trying to Adopt Blockchain and crypto as future.

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@sutharkaran60