Bitcoin Likely to Reach $18,000 Price Level Anytime Soon
Despite reaching a slightly lower market cap during the first three days of 2018 as compared to the last two weeks of 2017, Bitcoin remains to be the largest cryptocurrency in the world today.
The leading cryptocurrency has experienced a dip in the trading session. Across global exchanges, the price index was last seen around $14, 951.
- Around 17:00 on January 3, Bitcoin was trading at $13,687.
However, a wave of recent news centered on Founder Fund’s entry has pushed Bitcoin to almost 16,000 US dollar today.
As reported by the Wall Street Journal on January 2, 2018,
- Peter Thiel’s venture capital firm has placed a monster bet on Bitcoin.
After the news broke out, a rising reel of interest among the capital investors has helped Bitcoin recover from its brief decline.
With this news and the gaining interest of several investors to partake in the digital currency, phenomenon could also help boost the price level and potentially cross the $18,000-level again.
Dave Chapman, the managing director of Octagon Strategy, also mentioned that Bitcoin could maintain its lead and even exceed $100,000 before 2018 ends. It was not the first time Chapman made a bullish bet as he also made a forecast on Bitcoin’s rise at the beginning of 2017.
Whether Bitcoin reaches $100,000 by the end of this new year is yet to be seen. For now, all eyes are on Bitcoin and how it can get back to $18,000 price level.