I think it should.
As per CMC the total Market cap is only $121 billion. If the price of Bitcoin hits $3000, then the market cap approx will be $100 billion. I may be wrong in the calculation, but it will be less to what it is now. Which means most of the short term investors and panic sellers have left the market. Those who are left are either long term holders and big whales.
The only option left for these whales is to pump the price at $3000 level.
What do you think? will stop at $3000 level or will it go further down
I believe bitcoins has already bottomed out at 3100$, and the panic sellers have left the market for good. As we have been seeing bitcoins prices touched 4k, but it came down to 3800$ As it could not sustain those levels. I feel it's finding resistance at 3500$ levels, and with the news of Nasdaq futures coming in a rally may soon be on cards hence I feel it should go upwards now.
it wont drop under 3000 dollar.
it is the deep level for bitcoin in 2019. and in 2020 it will go up and up.
i hope.