The price of Bitcoin has dropped today to almost 8.000 USD. Was this predicted? and if so why, will the price eventually bounce back up?
I'm pretty sure that some people probably predicted what was going to happen but it was probably just luck since there are millions of predictions made every month about what bitcoin is going to do, so by probabilities some of those predictions have to be right, now it is very clear that at some point the price will recover, what we do not know is if it is going to happen immediately or if we are going to see another decrease in the price of bitcoin, if you are not sure what to do then do nothing and do not enter the market right now.