Bitcoin as the original cryptocurrency has made it to the market capitalization of over 111 billion dollars, still being the number one crypto in the global coin list.
Even though Bitcoin had gone down by -67% since December 2017 when the currency touched a value of almost 20,000 per unit, Bitcoin still represents a prominent investment in the cryptocurrency6 market.
How much is Bitcoin worth today and how will 2018 end for BTC?
Bitcoin Price Today: Acquiring Stability despite Slow Progress
Although dropping on November 11th, BTC had made it into the green on its YTD charts. The currency was previously showing negative growth rate in the last 365 days, however, the state has changed since the last week’s mass rebound.
Bitcoin only took 0.4% during the last week’s set of positive market trends; however, its previous pace of growth was just enough to send it just a little above the negative pace on its YTD chart.
Additionally, Bitcoin is showing progress, although mere, on monthly and bimonthly charts, growing a bit over 2% both in the last 30 and 60 days.
The latest low of Bitcoin in the second quarter of 2018 was marked back in June when the crypto went below the price of 6,000$, touching the value of around 5,800$ – 5,900$.
Ever since BTC refused to go below the initial value of 6,000$ that way acquiring a certain level of stability in the market with only briefly going beyond the value of 8,000$ and beyond back in July 2018.
How will Bitcoin End the Year of 2018?
It is generally a presumption that Bitcoin will get to touch the value of 8,000$ and up by the end of 2018 and the beginning of 2019.
Whether Bitcoin is able to acquire such a positive momentum in the market and head for a mass rebound is yet to be seen, but it certainly isn’t impossible, especially now when Bitcoin is gaining more friction despite week gains.
While some currencies like Bitcoin Cash left the last week with gains between 38% and 50%, Bitcoin went barely by 1% up, now showing only 0.4% of gains in the last week.
That is how the most realistic scenario for Bitcoin at this moment is to try and break the resistance of 6,500$.
Bitcoin (BTC) Price Today – BTC / USD
In case BTC would acquire enough momentum to be able to do so, it might see more increases as a consequence.
Back in November 2017, Bitcoin was valued below 6,200$ while it is now traded at 6,407, and was still able to reach the value of almost 20,000$ per one unit starting out from that point during the period between November 12th and December 13th.
Many crypto traders and investors see this scenario legitimately repeating within the next 30 days, however, the market is still going sluggish on the majority of currencies which are not able to meet the rough market trends with an appropriate resistance.
Still, even if BTC wouldn’t be able to get past or at least closer to its record price, it is expected to0 see it spiking up with the end of 2018.