The last two months of 2017 have proven that Bitcoin is synonymous with volatility, although the resilience of the higher cryptocurrency has also shown. An eight-week bull race peaked at a high of $ 20,000 just over a week ago, before market capitalization quickly corrected up to $ 8,000 on various stock markets around the world. whole Saturday

. Julian Hosp, co-founder of TenTech, predicted that Bitcoin would see even higher peaks and lower declines next year, stating:

"I think we're going to see Bitcoin hit the $ 60,000, but I also think Bitcoin will hit the $ 5,000 mark, but the question is, "Which one will he hit first?"

While some have seen the correction of Bitcoin from historic highs such as a stock market crash or a bubble, bullish investors, including Hosp, believe that recent lows have provided the perfect opportunity to buy more Bitcoin. Hosp said:

"For the experts who have been on the market, it was actually a welcome dip, that hollow for us was very, very healthy, and some of them were not. between us have used to buy a little bit more because suddenly we had 40 -45% discount on the highest historical. "

The Crypto Market Grows

The decline was not just at the price of Bitcoin.At the end of last week, the cryptocurrency market has suffered an overall loss of $ 200 billion in the space of 48 hours – but it quickly rebounded and consolidated.Although the dramatic correction was terrifying to watch, it was certainly not the first time this happened, and some analysts are certain that it will not be the last.

A number of factors come into play: no catalyst can be attributed to the direct decline of value in the week before Christmas.

Hosp may be optimistic at the moment, but he anticipates an even greater correction for the entire cryptocurrency market. invest in those who offer us tangible ns and a real value. Hosp added: