RATE Group | What’s Next For Bitcoin Prices — $2,000 Or $10,000?
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What’s Next For Bitcoin Prices — $2,000 Or $10,000?

What’s Next For Bitcoin Prices — $2,000 Or $10,000?

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Bitcoin could be heading down to $2,000 or up to $10,000, depending on the forecasting model applied to estimate the digital currency’s “intrinsic” or “fair” value.

Bitcoin has been falling fast, very fast, breaking one price “floor” after another.

First, it broke the $6000-mark — a “floor” the digital currency held for almost three months. Soon after, it crossed the $5700-mark, another “floor” according to some experts.

And eventually, the $5000-mark.

That’s a round number that could also be considered a “floor” for the digital currency by those who follow market charts closely.

All in all, Bitcoin is down close to 30% in just seven days, and close to 80% over a twelve month period.

What’s driving the sell-off? Chebotaev, CEO of Betmatch, blames the threat of the “hash war.” “I think the hash war will continue to cause a bit of havoc with Bitcoin and other cryptocurrencies, but now is the time to buy Bitcoin, and we need to give…

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