Will Bitcoin Go Up: What is the Faith of BTC in the Following

Bitcoin, although the first currency in the market, is one of the rare assets that doesn’t actually have an official dev team.

That means that there are no pending updates, revisions, or changes being performed regarding some obvious shortages that BTC network seems to have.

Bitcoin (BTC) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
Ethereum (ETH)
Bitcoin Cash (BCH)
Litecoin (LTC)
Bitcoin Gold (BTG)

One of such shortages is reflected in a questionable scalability of the largest cryptocurrency as BTC transactions are getting slower as well as more expensive, making it pretty non-practical when it comes to sending small amounts of BTC to other addresses.

Nevertheless, Bitcoin is still managing to keep the place of the top crypto, which means that it surely holds a great potential regarding its value in the market.

None of the currencies have ever reached a record price of 18,000$ besides BTC, which might mean that there is a strong possibility that Bitcoin will get closer to its record price once again.

Will Bitcoin go up and what is the faith of BTC in the next following months?

Can Bitcoin (BTC) go up By the Beginning of 2019?

Frequent decreases in the market seem to be killing the general buzz that most crypto enthusiasts have had at the end of the previous year of 2017.

This is most probably the case because many cryptocurrencies have significantly dropped since December of 2017 and January of 2018, including Bitcoin that lost over -66% of its total value in the market since mid-December of 2018.

Previously trading at an all-time high of around 18,000$ per one BTC, there is a strong possibility that Bitcoin might grow further in the following months.

In case the last year’s hype around New Year repeats, which might be more likely the case, Bitcoin might at least break through the value of 7,000$ while going towards acquiring 8,000$ based on the current trends and 2017’s mass spike, that way retrieving at least a portion of its lost value.

What might be the biggest concern regarding BTC is the fact that there are no frequent updates of the network, while posing as a rather expensive blockchain-based tool for transacting monetary value.

However, the potential of Bitcoin going up still poses as a strong possibility in 2019, as it still represents one of the top investments in the blockchain space.

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Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.