I am very disappointed with the state of Bitcoin in the current market. Because last week its price was 24000 dollars but now it shows 21 thousand dollars. I want to know from you, is the price of Bitcoin likely to fall further?
It is possible since Bitcoin price movement is greatly affected by news and sentiment. Right now the sentiment is bearish, Powells speech is also not helping with the Bitcoin market, instead it fuels the market for bear trend break out. Then comes the liquidation of Mt.Gox hacked-BTC which can cause rumors. There isn't a good news today to at least change the sentiment of the market. So it is possible that we can see another lower lows in the next weeks meaning Bitcoin might price might go lower.
price will keep on falling or it will increase ,that is what crypto currency market is all about but what we need to understand and accept is that bitcoin in the long run will always grow , the value is keeping in pumping in 4 years time as we have seen this for how many times from the 12 years bitcoin existence .
I will rather confused if the price maintain the price forever than the value of hyping and dumping.