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?
- Rejection of the ETF by SEC is also an old news
- The only reason we can assume right now is the fear regarding possible dump after network split, but i don't think that gonna happen.
- I will be happy to buy back at $700-$800 range, but i don't think price can go to that level
the possible fork may really be dragging the price down to less than $800. investors already flock after seeing the price of BU started with 200usd, they are buying BU to full their bags with it. the cheaper the better. the bu existence on exchanges will soon prove to have volume and thus serves as concensus to decide the splitting of the chain.