Bitcoin touched a record high of $7,592 a coin on Monday and since then Bitcoin price is stuck between $7,000 and $7,500. This sounds like Bitcoin investors are waiting for next big thing happening to Bitcoin, i.e. Segwit2X.
Every time there is Hard fork for Bitcoin, Everyone who is invested gets the Free coin from the newly created fork. It already happened twice this year, when Bitcoin Cash (BCH) and Bitcoin Gold (BTG) is created, owners of Bitcoin received free coins from both forks. The same will happen for Segwit2X, and maybe thats why traders or investors are bidding to collect more Bitcoin on their portfolio.
Traders were also optimistic that CME group will be launching Bitcoin futures trading by end of 2017. And, as Goldman Sachs predicts Bitcoin will be touching soon $8,000 a coin in soon near future.
We at KryptoMonk think that Bitcoin rally is really waiting for next Bitcoin fork, Segwit2X and then rally will continue towards $10,000 a coin, possible in few months or early 2018. Please note, Bitcoin trading is completely speculative and please do not invest your hard earned money on ours or anyone else’s speculations. Please do your own homework before investing.