Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?
I think the market for this year is not good enough to rise the price of bitcoin to as high as $10k before the year end as those investors are selling their coins for short profits and no sign of good news that can ignite the market to a bullish.
Till now it has being a falling market in this year and we do expect some good movement to happen in this last quarter. If you consider last year as well it was almost same like this year and the rise happened was in last quarter. If we can see some 50% growth as well from the current levels we should see 10k easily in this year .
Well, welcome to 2018! The year of the bears. The bulls had their own swell time last year, so I guess we just have to allow bears to also have theirs and maybe next year, we experience some level of equilibrium which should bring about some long period of consolidation and may be by 2020 we can start seeing another huge growth. ETF does not have anything to do with all these, the market is in a downtrend corrective state after the last year greed and manipulations, and i guess people should live with that.