$13billions has just been wiped off of cryptocurrencies market and bitcoin has loss about $700 in just around 4 hour. I will like to ask the expect here what is really happening? I believe that for the last seven months bitcoin has not gone down like e this and bitcoin is the most hit. Ethereum has seriously getting dumped too. Are we heading towards $3000 as speculated by some of us here or bitcoin is going to recover around $5200.
What is the next step to take? Your advice is highly appreciated.
The price didn't fall too much and the price loss maybe recovered in some hours of time so I don't think it will reach $3000 level speculation because we can see that the price are at the range of $5500 now and hopefully it may cross $6000 again in few days.And this all due to the BCH hard fork as others said since our investors are not having enough knowledge between BTC and BCH.
Yes the price is around $5400 means it is not went as low as BTC was because BTC value was $3000 once. There is some huge amount withdrawn from Bitcoin which made btc value lower but this is just temporary and again it will raise back to more than $6000 just wait for few days and watch it will increase. Lot of investors having the hope in BTC it cannot be easily decreased or ignored in the market.