After touching its lowest price for 2018, going below the value of 5,000$, Bitcoin is now seen in a slight rebound with the rest of the market that had finally get to see redemption after days of dipping.
Bitcoin Cash, for instance, one of the most heavily impacted currencies by the market dip, is going up by the amazing 17% of gains, while BTC is seen by almost 3% against the dollar.
The current momentum helped Bitcoin get over the price of 4,500$, currently being traded at the value of 4,652$.
Is Bitcoin able to at least get back to the value of 6,000$ and up by the end of 2018?
Bitcoin Price Future Predictions: November Dips Taking a Pause
On November 2018, the market is finally taking some breath from the frequent and prolonged dips that have been cutting the majority of cryptos for almost a week without a stop.
At the same time, many of the top cryptocurrencies, including Bitcoin, have taken deep dive into the red that way marking new lows for 2018.
With Bitcoin having a relief in form of gains in the last 24 hours, it is now more certain that the end of November might bring some ease not only for BTC but for the rest of the cryptocurrency market as well.
However, the market appears to be rather unstable, especially during the third and fourth quarter of 2018, so it might be the case that another wave of negative trends hits the market before the end of the month.
For now, cryptos can enjoy a strong rebound.
What Will the Future of Bitcoin Look Like?
Many analysts are implying that the frequent market dips that the market has been experiencing for almost an entire year are a way of crystallizing valuable assets in the market and acquiring future stability.
Although Bitcoin is seen in a rebound at the current moment, the dips have brought it to its lowest price of below 5,000$, so it will be difficult to BTC to get back to its previous pace of growth as seen at the end of 2017.
However, although more dips are predicted for the beginning of 2019, BTC might acquire a level of stability where BTC would be able to get to 11,000$ by the beginning of 2022 without showcasing inclination towards massive sudden dips.
Bitcoin (BTC) Price Today – BTC / USD
Bitcoin Cash (BCH)
Bitcoin Gold (BTG)
For now, even though the market is seen in a rebound, caution is advised as the rises might take its toll due to the fact that some investors might want to profit from the rebound, which could lead to mass selloffs.
Selloffs, of course, would lead to yet another major market dips and even new lows depending on the level of impact of negative trends on different cryptocurrencies.
Some cryptocurrency enthusiasts and analysts, like John McAfee for instance, are convinced that Bitcoin has yet to reach the peak of its glory.
McAfee himself is predicting that BTC will be worth up to 500,000$ per single unit in the future, although the current state in the market is not speaking in favor of this prediction.