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?
There's a chance for bitcoin to go below $3k it there's no demand and if buyers is outnumbers by sellers. Or if another FUD comes along that will make people panic and push the sell button. Right now though it looks like the price is going up again and might test $4300 so let's see how it goes. I wouldn't be surprised if it goes down because I believed that we need one more downtrend before the bull-run. The Bakkt offerings is pushed in 2019 so I'm speculating that prior to the Bakkt going live we might see another the price moves lower over a period of time, most probably before the end of the year.