Bitcoin can drop to 5000 Dolar: We see that on every new day people say that the price of bitcoin or the price of crypto currencies will fall or rise. Today, Ran Neu-Ner, CNBC Africa’s Crpyto Trader program host, spoke about CNBC’s bitcoin, saying: “We keep going down and testing new sub-resistors. Next point is $ 6,250. If it’s under it, it will test 5,900 dollars. ”
Neu-Ner says that an important level that miners must look for is $ 5,000. When he dropped this price he said that you could start questioning whether you still have a profit for your crypto money. If there is no tendency to rise then he claims that we can see a very different game in mining.
According to Tom Lee, founder of Fundstrat Global Advisors, bitcoin will see $ 25,000 this year. He also questioned whether he would continue to trade around $ 8,000 for Bitcoin in March. Bitcoin can drop to 5000 Dolar.
The first six months of the year for Bitcoin have been quite challenging. If the account that Bitcoin trades at around $ 20,000 in mid-December is attended, this fall in price has been extremely depressing for those entering the market as prices are rising. At the moment (13.6.2018-16: 10) Bitcoin was trading at $ 6.508,86, with a loss of 4.55% within the past 24 hours.
According to Neu-Ner, the crypto-money industry is still in its infancy and this kind of thing remains as expected. Neu-Ner, who has an optimistic approach to where the market is headed, says that one day the market could reach $ 20 trillion in one day, although market volume fell to $ 275 billion at $ 830 billion at the beginning of January.
Bitcoin can drop to 5000 Dolar A Good Time to Get Bitcoin
Neu-Ner said that if traders are interested in long-term values, such as three to five years, it may be time to enter the market with prices falling to such low levels:
“She could go to 20, 30, 40 or 50. Then nobody cares whether you bought it in 5 or 6. ”
The founder of Pantera Capital Management is another person who now thinks it’s a good time to buy a bitcoin. But he also said that at the beginning of the month, $ 7,650 for the bitcoin had bottomed.