With the massive drop (bearish) in bitcoin in the past few days (January 2018)
Is it possible for the Bitcoin community to witness another bearish that can make bitcoin drop to $5,000 and below.
Kindly comment from the point of:
The power of the government and their regulation
vs
The oneness voice and power of the people (community) to withstand any unlawful regulations and manipulations
I think this drop of 5k is now impossible to happend. The price has been consistently stayed to 7800k to 8k this past few weeks. I am guessing that if it drops it will stay at 6k deepest. I am speculating also that it has a greater chance of rising up to 10k at the end of this month though than dropping to 5k. Yes, the price increase of bitcoin is really a good movement after a long drop. If this will continue to rise people will be able to recover their loses pretty fast too!