Bitcoin price is now below 7,400$. We are seeing constant declining of the price since 5th may. Can you guys tell me how low it may go or we can hope that it may rise after this month.
It is impossible to tell how low it can go, but it did not go down below $7k and if it breaches that support level then it can go down to five thousands too, right now the market is recovering and this will be the trend for some time until there is big investments coming in.
7k is the lowest at this point of time I feel it rest of them time can only tell unless some country start putting restriction then it might fell else things look good at the moment. Only small correction has happened and should be rising in 2nd half.