There are many concerns as to what will happen to the Bitcoin price in the coming months. The year 2018 has offered nothing but setbacks, as the most recent bull run was tamed fairly quickly. Even so, the long-term picture still shows Bitcoin has plenty of upside in the years to come.
No one can deny that the year 2018 hasn’t been very successful for Bitcoin. Even though things appeared fine in January, the situation quickly turned around. After hitting an all-time high value of $19,500, the Bitcoin price plummeted to $6,340 by early February. It was a completely expected retracement, although few people had expected a 70% drop in a matter of weeks.