Unhappy New Year? Bitcoin Falls Into $6,000 Range

We’re just a few days into the new year, and bitcoin is continuing to show signs of depreciation.

Bitcoin Continues to Head South

The currency remains a popular investment, but bitcoin’s price has started 2020 out with a few significant nosedives. The currency has fallen (once again) below the $7,000 line, and many are wondering if the year will continue to take bitcoin on a whirlwind of drops.

While it’s probably too early to tell, 2020 is simply continuing the trends set forth by the previous year. Yes, the currency managed to retain some form of small momentum during the latter half of the previous month, but it never got above $7,500. This is small beans compared to where it stood during the summer of 2019 (peaking at $13,600) and considerably lower than where it was in December of 2017, which still stands as the currency’s all-time greatest position of nearly $20,000 per unit.

According to popular cryptocurrency trader and analyst “Cold Blooded Shiller,” the bitcoin…