Maybe there is a good news for the traders who were waiting for the bitcoin to rise in value. If you ever get back to previous years and look at the February then this month has always been the decent one for the bitcoin. Cryptocurrency bitcoin always proved it’s performance in the month of February.
In 2018, predictions are that bitcoin is going to reach the scale of $25,000 and who knows February is going to be the month of growth for Bitcoin and for the crypto market as well. Lots of people have blamed 2018 as a reason for crypto market fluctuation but this is just a phase where bitcoin is going through the pain of growing up.
Another reason for dropping bitcoin value is that people rushed to the market to sell their coins in the event of Chinese lunar year for the tours and to buy gifts for their loved ones. You can say that bitcoin has taken a good start in February as it has already shown 2% growth in one day from $10,000. The only thing to watch out is how this month is going to be for the bitcoin and for the traders who are keeping an eye on the value of crypto coins.
If we compare February to the January in terms of a value of bitcoin then it was not all bad. In some days of January bitcoin has proved itself a progressive currency where it raises its shares but another day it shows totally low value.
January may be the month of loss for the investors who have invested a large amount of money in cryptocurrency but if we look at the analysis then everyone is quite positive about the value of bitcoin. Maybe this is going to be the year of bitcoin from this month.
If you have some experience regarding cryptocurrency market then you should have an eye from where you can sense which direction bitcoin is going to have in upcoming weeks? If bitcoin is going to start growing from this month then there is no chance that bitcoin cannot reach the $25,000 in a year.