The phrase “the calm before the storm” is perfectly valid on the financial market it seems, and Bitcoin is a good recent example. Currently, the currency is quite stable and its price hasn’t been moving up or down in any significant jumps, but according to experts, this is a temporary situation that isn’t going to last for very long. Investors should prepare themselves for a breakout soon, although it’s still under speculation what direction exactly the currency is going to jump in.
Sure, there have been some movements on the Bitcoin market, but not nearly enough to indicate any significant trends. Furthermore, trading with the currency has been staying at rather low levels lately, as many investors seem to be cautiously waiting for a significant change in the currency’s price before they do anything with their money.
Those factors are adding up to a situation where Bitcoin is stabilizing even more, but how long is it going to stay that way? According to experts, not very long – and investors should expect to see it breaking out of its current point very soon. However, as we said above it’s pretty hard to determine what kind of direction the currency is going to move in once that breakout does occur, so it’s therefore hard to say whether investors should be looking to sell or buy more at the moment.
Most have been careful with their current Bitcoin stocks and have been trying to maintain them at a set level in order to be ready for any market changes and respond to them quickly. At the same time, if the currency sees a downward trend soon, this could put a spike in the wheels of those investors pretty badly.
What are the predictions for the long-term development of the cryptocurrency? Market analysts have been looking at the trends and trying to figure out a pattern, and if we look at the bigger picture we could spot an overall downwards direction for the currency’s price. Even though there are occasional jumps here and there, the main trend seems to be towards a decline. With that in mind, buying more Bitcoin right now might not be a very smart move, and the cryptocurrency is going to need some time to stabilize its market before it’s a good idea to trade on it in large volumes.
Meantime, acceptance of Bitcoin in the general public continues to grow, as more and more people are getting used to the idea of cryptocurrencies and their implications for the “real” world. It’s not just about the users as well, as they’re only part of the equation.