From the past few days the bitcoin has been plunging but as they say things fall before rising up. So any ideas or predictions when bitcoin is going to cross $20k mark?
I find this situation quite similar to the one that happened in January 2014. Then, BTC price was about $1000, and after a chain of events, like a ddos attack, US IRS Bitcoin tax rules, and, to top it off, panic selling caused Bitcoin price falling by 50% and even more. Lots of people made conclusions and gave up on BTC, but the smart ones bought it, catching a perfect moment. So 3 years later the price has recovered. I think now more people have learned the lesson: BTC will always recover and even more, so I think it will take 6-7 months for Bitcoin to be $20K again.