Forecast: Bitcoins could become scarce now
- Is there a new attempt at US $ 42.000?
- A further correction is not excluded
- Investors should be careful and keep an eye on price developments
Bitcoin has developed into a very popular speculative object in the last few weeks. Above all, rich and strategic investors are now trying to put more and more money into the crypto currency. As a result, there are fewer and fewer coins - and that will probably keep the price rising.
Violent correction over - is a bull run coming or will further setbacks follow?
Investing in cryptoassets is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.
But the last few days have impressively shown that the crash that followed after reaching the all-time high in 2017 was only a harbinger of what could be observed between January 10th and 12th. Because the Bitcoin price slipped from almost 42.000 US dollars towards 30.000 US dollars - within 48 hours.
Even if many analysts and experts (also we from Bitcoin-News.One) prophesied a correction, the force with which it arrived was downright surprising.
At the current time, the Bitcoin price is moving back to $ 38.000. If more investments are made, there could be a shortage of coins at the weekend; however, a further correction could also be possible if the Bitcoin again experiences a setback in the area of 41.500 US dollars / 42.000 US dollars.
Even if it looks like Bitcoin has weathered the correction, there is no guarantee that things will not go downhill again.