How much longer will Bitcoin continue to grow?
The Bitcoin price drop from $19,000 to nearly $3,000 per unit prompted many investors to abandon the currency.
No one expected that within a few months, the Bitcoin price would rise several times over and begin to approach $10,000 again.
More accurately, the rise was predictable, but the most daring forecasts capped it at $5,000 per Bitcoin.
Why did this rise occur?
Experts cite several reasons for this phenomenon, the first being a correction after a sharp decline, and then economic and political news began to push the digital currency upward.
Growing support for cryptocurrencies from governments and mega-companies played a significant role. Discussions on Facebook about the imminent creation of their own currency have also raged, and talk of the Central Bank of Russia issuing a Russian cryptocurrency continues unabated.
What will happen to Bitcoin in the near future?
The most likely forecast is a rise in the exchange rate to $10,000, followed by a correction to $8,000-9,000, after which growth will resume again.
The likelihood of a correction in the near future is simply enormous, so those who are considering buying this cryptocurrency again are better off waiting a bit and making a purchase after the price drops.
10,000 is a fairly strong psychological level , and it's impossible to say with 100% certainty that it will be broken, so buying near this level can be risky.
