Bitcoin might fall below its recentlows near $7,750. The bearish trend ofthe Bitcoin might weaken if the price increases beyond the 200-dayaverage. While this does not seem likelyat the moment, if it should, then it will mark a change.

Political tensions are escalating inChina-US. The global economicdevelopment will decline by 3%

Julia Chatterley recently tweeted: "Valueversus Utility? "Gold has a 9 trillion USD market cap, yet you can fit allmined Gold in a 25-meter cube. It's valuable because we say it'svaluable." @novogratz argues $BTC is thesame, but other #Cryptocurrencies will need to be "used"and that will take time $BTC #XRP.”

Novogratzhas been recently looking at macro-economic trends, which will favor Bitcoinlike negative interest rates, lack of trust in centralized systems,geopolitical unrest, and other factors. These factors will have investors look for alternatives like Bitcoin orother Altcoins.

Previously,it was felt that institutional investment would improve the price of majorcryptocurrencies. Bakkt was considered to be something that will trigger a massinflux of capital into the Bitcoin markets that were never seen before.

Thereis so much expectation revolving around cryptocurrencies, which exists only inthe digital realm. The value and utilityfactor is seizing the attention of investors.

Thesymbol for Bitcoin' ฿' is widelyaccepted among cryptocurrency enthusiasts; however, it is not yet declared tobe the universal symbol of Bitcoin.

Despite the current negative situation, severalanalysts project that Bitcoin would touch $20,000 by early 2021.

Are the sentiments sustained? Regardless, MikeNovogratz is sticking to his views. We need to see if the price will improve by150% in 18-month time.

Despite all, investors are now not willing to putall their eggs in one basket. Investorsare eager to spread across different Altcoins. No matter what, even the most promising trade might fail. The best thattraders can do is to implement the best possible trading strategy.

Without a planned map of how you will move ahead inyour trades, it can be risky than adventurous with cryptocurrencies. All the fun happens only when profits pourin.

Rumors about cryptocurrency can lead to pricechanges. It can be about an increase ordecrease in price. Panic selling isanother factor, which influences the price dips and hikes of coins.

The important of all anything can happen as thecryptocurrency market is maturing and governments interfering; it is essentialto stay calm.