On Tuesday, the most popular cryptocurrency – bitcoin continued its decline and eventually fell to 6 thousand dollars. Analysts believe that the rapid growth, due to which bitcoin reached 20 thousand dollars, was unjustified, so it is quite logical that it began to decline. Moreover, it is possible that bitcoin will fall to 1 thousand dollars or even lower.
Experts believe that the correction in the cryptocurrency market was inevitable. One of the reasons for the fall of bitcoin was the lack of loyalty to digital currencies in Asia, China and Japan.
Therefore, it is possible that in the near future the cost of bitcoin may fall to 1 thousand dollars. And all because people who purchased cryptocurrency in the summer of 2.5 thousand dollars will sell bitcoin, fearing losing their money.
By the way, the capitalization of bitcoin fell from 320 billion to 103 billion dollars, but this loss can only be called for investors who bought bitcoin at the maximum levels.
However, it is unlikely that bitcoin will cease to exist, because it is recognized as a means of payment in some countries.
I think BTC has a great up coming 2018 and 2019. we are seeing correction at the moment and in about 2-5 weeks we will start seeing healthy gains.. IMO