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
Well, youre wrong because that didnt happen and it also doesnt work like you have said, price doesnt just start to drop because the another stock has dropped in value. As you can see the price in this 2019 just dropped to $3k plus before taking a turn and going up to $5k plus, and I strongly believe that the $3k was the bottom. Its not going down again, this time around it will continue to go up and that is definitely going to be for a very long time, trust me.
There are multiple reasons why Bitcoin price falls down. Regulatory uncertainty around Bitcoin remains as one of the main factors that hamper its growth. Mainstream media coverage, FOMO turned into FUD, rampant market manipulations are some of the reasons that affect Bitcoin to crash. Despite the dramatic flight, Bitcoin remains the best performing asset. As the market is evolving, there is a good reason to believe that Bitcoin has so much potential to bounce back and will eventually gain more investors.