Bitcoin prediction by 2020 is $250000 but invest wisely.
Bitcoin just crossed the $5,000 mark in trading today, fulfilling the expectations and predictions of a number of industry insiders. The rise was fueled by recent news regarding geopolitical instability and the search for a safe haven other than gold. Investors have been removing funds from other stock indices as well as precious metals, and shifting them into cryptocurrencies, driving prices higher.
However, the peak price point was immediately followed by a substantial sell-off, as some large-scale traders sold large blocks in quick succession.
Prices stabilized near the $4,700 mark after dropping as much as $400. The sell off may well be linked to some substantial BTC holders selling large blocks. The pullback is to be expected, as many sell orders likely had $5,000 as a price point, with investors and individuals taking profits at the high point.
