Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.
Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
We all can have our own speculations and price prediction, however, these all can't be said was right or wrong. Even having the basis like citing the past events and market history, still can't assure about it, we know how the market works, unpredictable. We still don't know if we have already touched the bottom price of Bitcoin or if there is something that might surprise us someday as to see that the bear season isn't finished yet, we don't see any significant reason for the price hike that is why we could expect more dumps after a short rise.