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?
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Yeah, anything can happen in just a matter of hours, the market is much more volatile than the past years. It can easily go $3000 or even below that point. I observed that the other markets, stocks and Forex are also experiencing drought. Maybe it has an effect on the crypto market, but crypto market is different, much of it is not regulated. FUDs and FOMOs are one of the big reasons why people lose their belief in cryptocurrencies. Remember that this is an emotional driven market.