The Current Scenario Of Bitcoin and Cryptocurrency Market at Large

Is Bitcoin heading to zero? Is the crypto market falling? . The cryptospace has been so inquisitive and noisy past few days following Bitcoin prompt fall, breaking one price level down after another.

Leading Some to predicting doom of crypto market at large.Bitcoin is down close to 30% just eight days.

So many opinions arising in the market , What's driving the sell-off ?

Chebotaev, CEO of betmatch blames the threat of the "hash war". "I think the hash war will continue to cause falter, a bit of havoc with bitcoin and Other cryptocurrencies but now is the best time to accumulate bitcoin .It a chance to bounce off because it will rise again" he quoted.

Other factors blamed to have lead the prompt fall are, The BCH Hard Fork, Trader groups pumping and dumping, lack of regulations, The Okex allegiations of market manipulation, all leading to emotional trading , FOMO and FUD.
On the other hand some of forecasting models which estimates the intrinsic value of bitcoin depending on different market perspectives put it value below the current price i. e wheatley,'s model looking at demand placed the price at $1242.64 and Hayes model looking at supply side of the price equation places the price estimation at $10,179.25

So Its vogue which of the above models will turn out to be right. But one thing fo sho volatility in crypto markets eventually will continue.

The question still is, will we gonna see the bull again? !