Post
Topic
Board Speculation
Re: BTC could go down to $5,000
by
zlatan07
on 31/01/2018, 17:58:38 UTC
BTC could go down to $5,000. What do you think?

Before you try to ask something like that, first analyze market of cryptocurrencies. Does this supply 16,837,400 of Bitcoin tells you something? Technically Bitcoin can't go below 9k USD, so with this amount of supply, we can see that Bitcoin is forming average price around 10k USD.
So could Bitcoin go bellow 5k USD? I don't think so, this 5k price is just speculation for me.