Hi guys I am a newbie and tell me please that why the price of bitcoin goes to decrease? please tell me the main reason because I like this coin and when it's price goes to decrease I am very worried.
In June 2011 price of Bitcoin was $30. Five months latter Bitcoin price was only $2. So putting it to today's prices. We could see bitcoin at $1500 half year from now and would not be anything unusual. After every bull run come Bear trend. It happens half year as it did in 2011 or whole year as it did in 2014. But what it matters that after each Bear trend comes time of stability and after that new Bull run.
It is pretty obvious we will see huge bear trend in 2018. Question is only when and at what price will be ATH. And how long Bear trend will last and what will be lowest price of Bitcoin. Last Bear trend low was $177. So this Bear trend low could by my humble speculation reach to $4000.