While End of the Year Draws Near, Crypto Enthusiasts Are Looking For a Sign

After much agitation this year, caused by the hike and fall in the price of Bitcoin and altcoins, crypto enthusiasts are still seeing a ray of light at the end of the tunnel. It is presumed that Bitcoin will repeat its 2015 and 2017 patterns, where the most significant increase in price came towards the end of the year.
The Bitcoin price chart in 2018, has been said to be very similar to what was obtainable in 2015. This is because, in 2015, there was a major dump in its price and the cryptocurrency moved from its 400 dollar price in late 2014 to less than 200 dollars in early 2015. But just when traders had lost hope, it sprang up by surprise and went over 300 dollars near the end of the year.
Now while these prices may look so little, when one takes a closer look at it, it means that it was almost twice its price towards the end of each year. In comparison with 2016, there was a steady rise in its price and most altcoins could be said to be less volatile than what is being seen today.
When it came to 2017, Bitcoin saw a steady increase in its price not until the last quarter of the year where there was an explosion and it hit the 20,000 dollar mark. Some crypto enthusiasts are yet to recover from 2018’s dump in price which began in the first quarter, whereas others have been looking forward to a time like this where Bitcoin’s major changes occurred.
Therefore, expectations are high and the next 60 days are crucial. The USA SEC’s (Securities and Exchange Commission) decision this month after reviewing the ETFs proposals may greatly influence its price. But then, there are others out there who won’t hold their breath since they are looking at Bitcoin as a lifelong investment with a lot of opportunities in the future.
As they say, the past is always bound to repeat itself and in the crypto space, most things happen in a cycle. The cycle is one where there is the fear of missing out (FOMO) and individuals from all works of life come to share in the latest hot piece of cake, then an all-time high is reached before the price stabilizes, and finally, there is a price correction where panic begins.
Nevertheless, the turn out of events at the end of 2018 will not be enough to break the crypto space given that it has survived one of its major crashes since Bitcoin’s whitepaper was released 10 years ago.

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