Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?
I think it will not fall down to $3000, hopefully not because I don't see that it will fall down even more this year. Yes, a lot of us are expecting bitcoin to rise up by end of year but I don't also think it will take again like last year, maybe it was just around the average of $5000-$6000. In my opinion, $10k this year is also impossible for bitcoin to reach again.
Not impossible since this market can make a 360 degree turn in a matter of hours. And i think we stil have enough time for a rally to 10k. Though at the moment a lot of us are still surprised about the decline with the bch hardfork the only notable news in the market and i don't think it should affect btc that much.