Bitcoin, there is possibility to drop to 1,000 $ at once

Will price of bitcoin drop to 1,000$?

Entering this year, bitcoin is maintaining weak stock price change in relatively narrow range of 3,200~4,000 dollars. Resistance level set at 4,200 dollars naturally cannot be passed.

                                                      [CNN Offer]

CNN viewed that if weak stock price change of price is continued, there is possibility that price of bitcoin to drop lower.

If we look at price change during September to November in 2018, weak stock price change continued among 6,100~6,700 dollars and showed similar price change like present. Then later, the price dramatically dropped from around 6,000 to 3,000 dollars at once, dropping the price into half.

Some cryptocurrency analysts analyzed that if bitcoin does not recover, there is possibility of facing decrease like last year’s and ending up with 1,000 dollars. Also, there are analysts who say that if the deadlock is extended, there could be higher percentage of dramatic decrease in price of bitcoin like last year.

However, there are people who believe that bitcoin has its own power to recover. Jeff Sprecher, CEO of NYSE, is one of them.

CEO Jeff Sprecher claims: “Even though thousands of new cryptocurrencies are born until know, which are regarded to be greater than bitcoin, due to long-lasting weakness of bitcoin, bitcoin drew people’s attention by finding the “route of death.” This will continue to build infrastructure related to bitcoin through Bakkt (virtual currency exchange which American Intercontinental Exchange, mother company of NYSE, runs).”

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

- Daily Coin News prioritizes the voice from the scene over others(news@dailycoinews.com) -

- 기사에 사용된 모든 자료에 대한 책임은 작성자 본인에게 있습니다 -

[copyrightⓒ 2018 All rights reserved by Daily Coin News]

Bitcoin price when registering article
BTC-USD : $ 3,972.00 USD (API by Bitfinex)

1 0 Write