Will Bitcoin Cross $20k by the end of Dec-2018

We all know and have witnessed the golden bubble in crypto world that started in Nov-2017 and got a boom in Dec-2018 at which point all crpto currency hit their all time highs with BTC hitting at almost $20k mark and all other Alt coins followed the lead.

Now this year there is expectation in the crypto world that last year's trend will repeat again this year.

So, the biggest question is will the history repeat again or not ?

When we talk about crypto currencies then anything is possible, the BTC may even go beyond $20K mark or it may not even touch $12k. However, if we closely observe the market current position and volatility in BTC then it is hard to expect that the history will repeat itself this year too.

The reason behind this is because of absence of daily volume and low volatility in the market, specially for BTC as it is the market leader in terms of Market Cap and all the alt coins follow BTC trend. In past few months we saw low volumes and even lower volatility in BTC and it has been fluctuating between $6k to $7.8k and volatility is lower then $100/day.

What may actually happen in Dec-2018?

Due to expectation prevailing in everyone mind that BTC may go up in Dec -2018 there will be some positive up trends but looking at indicators it is hard to expect that BTC will cross $20K mark by the end of 2018, unless institutional investor comes in and engages in trading.

Disclaimer: This article is merely an opinion and do not implies any financial advice, so if you take any financial decision based on above article you will be solely responsible of your financial decisions and writer will not be held liable for your decisions.