Looking at fresh news surfacing every week about some negative progress in cryptocurrency. The news we have lately:
1) Goldman Sachs saying BTC will dip to south of $5000
2) G20 possibly looking at cryptocurrency regulation.
3) Japan & HK regulating cryptos
4) Overall Alts being REKT at lowest prices since last September
I ask a question to myself, Will the market bounce back until September this year ?
Lets have a healthy discussion
Now more and more often I read the news and everywhere they write that the crypto currency will no longer exist. But as a rule I do not believe such news. And I know for sure that this will not happen, that the BTC will fall below $ 5,000. And the market will certainly recover until September, it will even happen earlier.
Mind conditioning is what I think for such speculation that bitcoin will dip up to $5K where I don't think that will happen. For me, having such a speculation should not be given more of an importance because this will create to some investors to panic and selling their coins at a lesser value.
I think the result of the G20 summit had made an effect on the upward trend in price in the past days and until this day where it is green mark for the majority of the alts and btc. In my opinion the statement of the G20 members stating that cryptocurrency does not pose any risk on the global financial stability has had contributed the price increase.