The events of the past few days have greatly affected the exchange value of bitcoin. Do you believe this is the demise of bitcoin or like phoenix it will rise from the ashes.
The events causing the price of bitcoin to go down tremendously was not really due to fake news or fake criticisms but the main reason that triggered the fall were the big players and whales. The big whales stir the market while riding on the issues on Chinas ban on exchanges , many have been fooled by this events and contributed to the fall of btc. But bitcoin will not go down as others think it will go back up as soon as possible.
That is right, the price of Bitcoin has recovered to $3,600 after crashes down to $2,9xx very fast.
It look like as event the price of Bitcoin crashed from $2,500 to $1,800 in few hours before breakout $3,000 and $4,000.
Therefore, I predict the price of Bitcoin will reach to $5,000 again and create new AHT for make us surprise more.