THE SKY IS FALLING!!! Bitcoin Price Forecast UPDATE 9/14/2017

This is finally the correction we have been waiting for! Current MC: $115.8B (-19.7B since 12 hours ago) Bitcoin Dominance 47.8%

The recent news of Chinese exchange closures has caused mass panic in the markets. The prices DUMPED overnight in the Asian markets as investors scrambled to re-coup what they could. With only 5 out of the top 100 coins in the green, the entire market is hurting BADLY!

There are PLENTY of other markets worldwide that CAN AND WILL pick up the slack in the midst of this panic however. Bitcoin regulation in China will be good for the long run but the wild west days that we all know are coming to an end. It may take a few weeks to recover but we should see the Bitcoin economy regain some of its lost ground eventually. Remember that Bitcoin isn't going anywhere and all of the money and time that has been invested so far will not be in vain!

We should be looking at a retracement to the $3650 zone before making our way to $3900+ again in a few weeks. If there is continued panic selling we could see a further drop to $2800-2900 before serious support steps back in again. The market is just kicking Bitcoin while it's already down.

The next few days there will be some AMAZING buying opportunities as the entire market is severely depressed. I always tell myself whenever I feel REALLY bad about Bitcoin it's the perfect time to buy some! If BTC drops below $3K you best believe I will be buying more :)

For part one of my forecast today look at https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-9-14-2017

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)