RATE Group | Bitcoin Fees Lowest in 7 Years as Developer Warns of Price Drop to $5500
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Bitcoin Fees Lowest in 7 Years as Developer Warns of Price Drop to $5500

29 May Bitcoin Fees Lowest in 7 Years as Developer Warns of Price Drop to $5500

Posted at 04:01h in Bitcoin News by

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Wilma Woo · May 28, 2018 · 8:00 am

Bitcoin developer and educator Willy Woo has warned Bitcoin prices could soon dip under 2018’s record low of $5,900.

Bitcoin’s ‘Slow Bleed’ Lower

In an analysis on social media, Woo, who hit the headlines earlier this month after defending Bitcoin over Blockchain at the Consensus 2018 conference, nonetheless predicted what he describes as a “slowish bleed” below February’s floor.

In his comments, Woo wrote:

I think we are gonna go to $5500-5700 next, I…

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