what do you think about it? my prediction is bitcoin price will be back to $1000/btc in next 5 months or less. since oil price was fall down now and trade war between US and china. give your opinion pls
Its really something that is hard to explain why the current downturn is really massive without any stoppage. For me, bitcoin price going back to $1000 is not something we should be envisaging at the moment although its going to be hard not to think of it but hope is the only thing we have in our hands and striving to make things better in our own little way.
I agree its not easy to explain why Bitcoin price is keep falling and also nobody knows when it price to rise again. So I think its better to wait for its comeback, and have patience all the time because sometimes it takes time before the price increase again. Also no one have idea if when its going to rise or to fall, so the best thing we can do is wait for it and keep believing to Bitcoin.
I am not so sure that is the case, people are treating the current decrease in the price of cryptocurrencies as a great mystery, as something that no one knows why it is happening, but there have been several traders that have been predicting that the price was going to go down, they did not saw enough demand for the price of bitcoin to remain that high, and they were right the demand is very low and if there are not enough people wanting to buy bitcoin then the price needs to go down.
You are right, there were people making these predictions.