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
The way I see, I don't think bitcoin is going down below $9,000 again. This is because it has done its complete correction for this time and so shouldn't get back there. Also, the popularity is getting high , meaning more people are coming into it.
Yes, new people of the biggest the reason why bitcoin places have scaled this much high prices so far. Only due to the adoption by new investors and the big investments they are bringing in to bitcoin ecosystem have help bitcoin to scale $20k price levels in last year and we can expect that trend to continue in this year also so we cannot expect bitcoin to correct again below $10k price levels.
I'm not expecting any more downfall here after hence we can see bitcoin prices slowly moving toward $20k price levels in this month and by end of this year we can expect bitcoin prices to get at least 10 times more growth from the current price levels.