Flow-er
Active member
With the recent downturn in Bitcoin, it has been so devastating for bitcoiners because presently, we are recording huge amount of losses. The question remains will downturn continue or will bitcoin continue in its downward trend? If bitcoin does dips down further, it will cause lot of havoc in the cryptocurrency space because so many cryptocurrency'a price determination depends solely on bitcoin price movement. This is basic facts and it is evident in what we see happening presently.
however, we don't really know if it is possible for bitcoin to survive it if it hits the $10 in the future. Will it be possible for bitcoin to bounce back if it reach this particular Mark because it has been predicted that the new support for bitcoin is $10k and it will be so difficult for so many crypto investors to bare this.
If the new support zone of Bitcoin is $10k, that means that we should expect it to hit the $10,000 Mark before it bounces back. It is based on prediction, we hat we never knew what is really going to happen in the future but the downturn was seen to be caused by the cryptocurrency regulations that is going on all over the world. This will make bitcoin a government controlled digital currency.
however, we don't really know if it is possible for bitcoin to survive it if it hits the $10 in the future. Will it be possible for bitcoin to bounce back if it reach this particular Mark because it has been predicted that the new support for bitcoin is $10k and it will be so difficult for so many crypto investors to bare this.
If the new support zone of Bitcoin is $10k, that means that we should expect it to hit the $10,000 Mark before it bounces back. It is based on prediction, we hat we never knew what is really going to happen in the future but the downturn was seen to be caused by the cryptocurrency regulations that is going on all over the world. This will make bitcoin a government controlled digital currency.