The past couple of months have been a wild ride for the Ripple, Ethereum, and Bitcoin price. From record highs at the end of December, the currencies proceeded to see a huge crash in early 2018. Some experts believe that the Bitcoin price may start to bounce back in a major way, but the future of cryptocurrency is all but guaranteed.

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Being able to accurately produce the Ripple, Ethereum, and Bitcoin price would pay off in a major way, allowing investors to buy low and sell high for massive profits. However, the Bitcoin price and the value of cryptocurrencies, in general, has been all over the map during the short history of these new investment opportunities, making it difficult to tell when the best time is to buy and when it’s best to sell. Many investors bemoan selling their Bitcoin when the price was just a few hundred dollars a coin, but a large portion is also upset about buying into the currency during the record high near the end of December only to have the price see a huge crash just a few weeks later. Long story short, it’s next to impossible to accurately predict Ripple, Ethereum, and Bitcoin price. That doesn’t keep financial experts from trying, however, and many authorities feel that this downturn is only temporarily, with Bitcoin price having the potential to grow by more than 50% in 2018.

Thomas Lee, a managing partner at the financial research Firm Fundstrat Global Advisors, expects to see a new high for Bitcoin by July. This information is based on analysis of the currency’s 22 corrects since it was first started tracking back in 2010. Although the Bitcoin price is currently far lower than it was a couple of weeks ago, the price of Bitcoin climbed more than 1300 percent in 2017, reaching a record high of almost $20000 per bitcoin before crashing by more than 70%.

Metro reports that Lee states “Bitcoin recoveries take 1.7 times the duration of the decline, and this implies that 85 days are needed to recover prior highs…this is July 2018.”

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