At What Price of Bitcoin Will the Market Panic?
When the rate of the oldest cryptocurrency reaches $6,000, the market will be awash with sales in the opinion of analyst Jani Ziedins. When analyzing the market of cryptocurrencies, some try to indicate the coveted lower level of the price of Bitcoin, after which the "snowball" effect may be triggered, and the market decline will no longer be controllable. Ziedins suggested that the cryptocurrency market should be ready for a new fall by saying "Bitcoin had a terrible time in May, and it looks like things will get worse." And he was partly right, as judging by the results of June, it is clear that last month was no better for Bitcoin than May.
I have heard that Bitcoin is a bubble but what kind of a bubble is it? Is it just a harmless bubble or a dangerous speculative bubble?
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