It’s not a secret that the value of Bitcoin has been crashing. From its excessive in November, Bitcoin is down over 70%. The query is: how a lot decrease will Bitcoin go from right here? The place will the value backside out?
One frequent worth I’ve heard thrown round, for the way low Bitcoin’s worth will go, is $10,000. The case for 10,000 is two-fold. For one, if Bitcoin have been to fall that far, it might be much like the drawdowns that it…