Hello guys, In 2017, Bitcoins price soared from 1,000 usd to just under 20,000 usd before dropping down to around 13,000 usd at the end of the year. Since then, its value has risen and dropped sporadically from day to day. now its around 8,300 usd. So what may cause this drastic change of bitcoin value ?
In 2017 the price growth of bitcoin was just hyped by the new investors who are just attarcted by making money but it is not the bitcoins natural growth in terms of technical analysis.Now only bitcoin has been in the right track and the people who came to invest on ATH are in great danger now but still they have to hold them because again the price will cross ATH by this year.