By Luke Flowers – Crypto Investor
It is suggested by the trend lines that Bitcoin will not lose its place in the cryptocurrency market with reduced market share during 2020. In fact, Bitcoin could even achieve a higher potential through 2020. This year might be a breakthrough year for cryptocurrency, especially Bitcoin. The last five years have shown steady growth and at the start of 2020 Bitcoin has already achieved its highest value of $8,446. However, Bitcoin is currently 10% down from its yearly high.
The predictions of analysts are much higher for 2020 due to the halving event. However, nothing is set in stone and the price of Bitcoin could still drop as detailed on CCN. Therefore, this year could see two major possibilities: a bullish or bearish trend. The former trend setters will try to increase the price to maximise their Bitcoin investment, whereas the latter will make efforts to pull the market down.
Even after such analysis, it is not easy to make any appropriate prediction about the future price of Bitcoin. It is highly advised to follow the cryptocurrency markets and news when Bitcoin investing. When you constantly follow the market news, expert overviews, and other statistics; trends will become clearer and more noticeable. This in turn will assist in making a judgement on the Bitcoin market and perhaps provide a clearer idea of when to buy and sell Bitcoin online.
At BC Bitcoin we offer a trusted service on our website for buying and selling Bitcoin as well as other cryptocurrencies. We can exchange crypto to fiat or hold your cryptocurrency for you to sell later as we are the most trusted Bitcoin broker in the UK.