Bitcoin’s price could fall to $7,500
According to experts, the current collapse of Bitcoin was predicted. It was expected by December 25, as "whales" are usually more active on the eve of the New Year. However, it happened a little earlier.
Thus, the depth of the fall of the crypto currency hasn’t been exhausted, it will continue to fall. But it’s difficult to predict where the end is. It’s possible that Bitcoin’s price will fall to support levels at $10,000 or $9,000, and maybe even lower.
Investment director in the fund CryptoLife Mansur Huseynov believes that bitcoin may fall down to $7,500. He noted that in the past few months its growth was too fast and the market needs a big correction.
However, according to analytics, in January-February 2018 the situation will stabilize and the Bitcoin’s rate will be “bullish” again. Traders don’t rule out that by the spring 1 BTC will cost $25,000 and even $40,000.
The powerful collapse of the cryptocurrency once again confirmed its speculative nature. How long-term and dramatic this fall will be and when the price will rebound we can see the next month.
At this moment Bitcoin’s price is $14,471 and demonstrates a little increase.
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