Considering the tighter China regulations, the possible upcoming fork, and the rejection of the etf, could it be that bitcoin can actually go down to th $700-800 and settle there?
What do you guys think?
It is very possible that
BTC's price would go down to the 700-dollar level if the hard fork will push through. I believe after hard fork, the market will be in a chaos and crazy price swings will be present. Many traders will be in the prowl waiting to make money out of that chaos. But in the long run, either of the 2 coins will be at $1000 again. On the other hand, we must remember that many developers still think that the hard fork has a fairly low chance. With that in mind, we might have a very stable price ranging from $1000 to $1200 in the coming months.