Bitcoin fluctuations is normal?

clicks | a year ago | comments: discuss | tags: bitcoin

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The value of bitcoin is in for a wild ride next year, according to Nick Colas, Wall Street analyst and co-founder of DataTrek. In a recent interview with
CNBC. Colas argued that the digital currency over the next 12 months could fluctuate between $6,500 and $22,000, with the midpoint likely coming in at around $14,035. The midpoint represents a more than 10% drop from Wednesday’s level.
“Bottom line: bitcoin can rally to $22,000 and still be reasonably priced, or plummet to $6,500 and also be correctly valued,” he said. “We expect to see bitcoin trade for both prices in 2018.”...