Expected Bitcoin Price in December 2018: A Comprehensive Analysis

　　As we approach the end of 2018, the cryptocurrency market has been experiencing a rollercoaster ride. One of the most prominent cryptocurrencies, Bitcoin, has been under the radar of investors and enthusiasts alike. With the year coming to a close, many are curious about the expected Bitcoin price in December 2018. In this article, we will delve into various factors that could influence the Bitcoin price and provide an analysis of the expected Bitcoin price in December 2018.

　　Firstly, it is essential to consider the historical performance of Bitcoin. Over the years, Bitcoin has shown a strong correlation with market sentiment and external factors. In December 2017, Bitcoin reached an all-time high of nearly $20,000. However, the subsequent bear market saw the cryptocurrency plummet to around $3,200 by December 2018. This dramatic decline can be attributed to various factors, including regulatory concerns, market manipulation, and a general lack of confidence in the cryptocurrency market.

　　One of the primary factors that could impact the expected Bitcoin price in December 2018 is regulatory news. Governments around the world have been grappling with how to regulate cryptocurrencies, and any significant regulatory news could have a substantial impact on Bitcoin's price. For instance, if a major country announces strict regulations on cryptocurrencies, it could lead to a sell-off and a subsequent decrease in the expected Bitcoin price in December 2018. Conversely, if regulatory news is positive, it could boost investor confidence and lead to an increase in the expected Bitcoin price in December 2018.

　　Another crucial factor to consider is the technological advancements in the cryptocurrency space. Bitcoin's underlying technology, blockchain, has the potential to revolutionize various industries. As more businesses and organizations adopt blockchain technology, the demand for Bitcoin could increase, potentially driving up the expected Bitcoin price in December 2018. Additionally, the development of new technologies, such as the Lightning Network, could improve Bitcoin's scalability and make it more practical for everyday transactions, further enhancing its value.

　　Market sentiment also plays a significant role in determining the expected Bitcoin price in December 2018. As mentioned earlier, Bitcoin has shown a strong correlation with market sentiment. If investors remain optimistic about the future of cryptocurrencies, the expected Bitcoin price in December 2018 could be higher. However, if sentiment turns negative, the expected Bitcoin price in December 2018 could suffer.

　　Furthermore, the supply and demand dynamics of Bitcoin could influence its price. With a finite supply of 21 million Bitcoin, the scarcity of the cryptocurrency could drive up its value. However, the current supply of Bitcoin in circulation is substantial, and the rate at which new Bitcoin is created (mining) is also a factor to consider. If the mining rate increases significantly, it could lead to an oversupply of Bitcoin, potentially lowering the expected Bitcoin price in December 2018.

　　In conclusion, the expected Bitcoin price in December 2018 is influenced by a multitude of factors, including regulatory news, technological advancements, market sentiment, and supply and demand dynamics. While it is challenging to predict the exact price, it is essential to consider these factors when analyzing the expected Bitcoin price in December 2018. As we approach the end of the year, investors and enthusiasts will be keeping a close eye on these factors to gauge the potential direction of Bitcoin's price.

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