Expert: Bitcoin will trade between $6,500 and $22,000 in 2018

Written by:
Guest
Published on:
Dec/27/2017

Bitcoin could trade in a range of $6,500 to $22,000 in 2018.  This is  according to analyst Nick Colas at DataTrek Research, who has been covering the cryptocurrency for the past four years.

"Bottom line: bitcoin can rally to $22,000 and still be reasonably priced, or plummet to $6,500 and also be correctly valued," Colas said in his daily note. "We expect to see bitcoin trade for both prices in 2018.

"Bitcoin and cryptocurrency are hard to value and their economic utility relies on use cases that are not yet built. Of course the volatility we've seen will continue," he added.

Video News News

Own Your Own White Label Bitcoin Site for Bookies

If you are an independent sports bookmaker trying to build a year round business with multiple stream of revenue, then you best course of action is to find a Pay Per Head site that can provide you with the best online gambling software to handle a number of different internet betting applications.

CFP Championship Game Betting Preview 2024

America loves an underdog story, but the majority of the United States is rooting against the “dogs” (Washington Huskies) in Monday’s CFP National Championship game.  Michigan has been hovering between a -4 and -4.5 favorite.

Senator Mullin vs. O'Brien Fight Odds Now Up

It's not often we get to cross the intersection of sports and politics, but on Tuesday that's exactly what happened when a congressional hearing devolved into an angry confrontation between these two men.

Syndicate

Subscribe to Syndicate
More