Will Bitcoin be able to rise to $6000 by the end of the year?

Industry analysts predict that the price of Bitcoin could exceed $6000 by the end of the year, depending on whether the SegWit2x hard fork is implemented, and what kind of destruction it will create if implemented.

Bitcoin price. , 3 of the year. rose 75 percent in the fourth quarter and stagnated in early September after ICO and exchange bans in China. Bitcoin price rallied as high as $4407 on Monday and is now trading at $4300. . class=”blockquote-style-1 position-center text-left width-100″ data-style=”style-1″ data-position=”center” data-align=”left” data-width=”100″><

“We predicted that this year the price of Bitcoin would exceed $5000 and rise to $6000 by the end of the year.. This forecast seems to be in line with the market sentiment these days.”

CryptoCompare CEO Charles Hayter does not expect this much increase until the end of the year.. However, Hayter is of the opinion that it will rise to the $5,000 level as many analysts think.. Hayter believes that this upward trend will continue as the regulations of the crypto economy in certain sectors become clear:

“Bitcoin’s biggest price catalyst regulatory. Clarity on this issue will also reflect positively on the price.”

The SegWit2x process will be decisive

What will happen in the SegWit2x process is paramount. Although SegWit2x has the support of many mining companies, a large segment of the community, including all Bitcoin Core developers, is against it.. The network will be split into two competing blockchains unless a consensus is reached. As it is now, the free market will be the main mechanism that decides which chain will survive.. Undoubtedly, this process will not be painless and it is not known what kind of damage it will cause.
Bit Paymer Ransomware Claims 53 Bitcoins