There are several big names that are getting their hopes up about a possible bull run around the corner with the market ‘testing the waters’ of what it’s like over the $5,000 key resistance level.
Say what you will but it does seem likely that the bull-run is on the horizon with some investors thinking that now is the best time to get involved in the market. This sentiment is shared by several analysts and experts like the crypto trader and advisor, Josh Rager.
Although there isn’t a guarantee that any token will avoid a near-zero valuation as the market matures and the upcoming next-gen tokens enter the space, the leading cryptocurrency seems to have found the floor at the $3,500 area. But it isn’t worth holding your breath on it as we all know how volatile Bitcoin is.
So if things went to plan, Bitcoin could enter the highs that it saw at the end of 2018.
This would make the possibility of average investors being able to get involved in the market quite difficult in the future. This is because buying one Bitcoin for $15,000 isn’t worth the hassle for most people. The current levels of Bitcoin are more likely to be in the price range for many budding investors, especially compared to the aforementioned prices of 2017.
Before we go any further though, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
So yes, as we say, you should always do your research before approaching the market and don’t invest more than you can afford to lose if you do decide to put your money in a digital asset. It’s worth sitting back and thinking about your investment as many people have predicted that at some point in the future, the leading cryptocurrency could reach $250k or even $1 million per coin.
The main point is to invest a sensible sum.
As for when this might happen no one can say with any credible evidence but Fundstrat’s Tom Lee thinks that in six months, the market will see its next bull run.
2019 is an exciting year for crypto, to say the least.