The price of Bitcoin
is going to have a small negative dip, with the market cap of the entire cryptocurrency industry being between $550 Billion and $625 Billion. BTC
is expected to have between 43 to 45% dominance. With the dip, some altcoins are expected go up. The dip may be as a result of new competition, pump allegations in Bitcoin Cash
, higher transaction fees, and some instabilities in other cryptos like BitConnect. However, in the next few weeks a rebound is very possible and a bullish
run where BTC
can be positive again is likely. An expectancy of passing the $20k mark can happen within the first quarter of 2018. However, it is still medium risk but definitely worth investing as market potential continues to grow.