Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?
First of all, this belongs to Speculation subforum.
Second: we don't know what the future holds. It may fall, it may not. There's a chance to get to 20$, there's a chance to get to 1000000$.
Reasons? For now it was pure speculation. In the future? The chance is big that if such drop happens to be caused by the same speculation. Also the recovery was caused by the news about Nasdaq and may be temporary.
However, I still think that Bitcoin has better reasons to rise than fall. But it may be just me...