Now at the current situation bitcoin is hanging and moving like a pendulum. How many times in the recent months we have seen bitcoin moving up towards $9000 and then comes back at a point just over $6000. It seems like bitcoin has forgotten about its volatility character these days! But crypto analysts are suggesting there should a big move soon in either way. It can be towards $2000 or $200, only time can say which way it is going to be.
So, according to experts bitcoin could see an expeditious $800 move very soon which can be in either way. As a bitcoin trader, my expectation will be to see bitcoin move toward the positive sideway.
After a disastrous half of the year, we all bitcoin to generate some momentum for itself and rise to the top again. The volatility of cryptocurrencies is universal. Longtime silence from bitcoin can result in a major jump which will change the digital market scenario one more time.