What will be the lowest value of bitcoin before it will start to rise again?
Right now it is going straight low.
Check the poll. (top)
Choices:
$12,500-$12,000
$11,999,-$11,500
$11,499-$11,000
$10,999-$10,000
Below $10,000
I don't think Bitcoin will go much lower than it already has, certainly not below 10K. If it were to hit 10K, everyone would want to buy because the 10 thousand margin is sort of a milestone and a threshold of bitcoin's price. If it was to go that low, it would quickly bounce back up in a matter of minutes.
However, anything could happen, and from here on we can either see the price settle, rise, or drastically fall. Its anyone's game.
Though for sure more and more companies are looking into accepting Bitcoin and using the blockchain on a corporate level, and thats only a win-win situation for bitcoin.