BTC could go down to $5,000. What do you think?
I believe it could be happen since a lot of market observer said that it will drop alot this year. But i hope not to much. Because i still hoping it will rise back to 13.000$. This year blood bath on all coin being many investore on panic sell. Wish it will back to normal or many investor will loss their invest money.
It's hard to say what causes cryptocurrencies to go up or down on any given day. There are many reasons that adjusts its price like news from media, panic buying and selling which could results to affect its supply and demand. Bitcoin has already confirmed its power as mother of cryptocurrencies and I think sooner it will be soaring high again.
In different situation different reasons are causing the increase or decrease in the price of bitcoin. Currently i think some false news are wondering in the market which may be causing the price of bitcoin to dump a little but hope that this dump will not continue for a long time and the market will very soon recover its position. We need to give good support to bitcoin and not let the price of bitcoin dumping any more.