Will bitcoin go below $3000?

[pinggoki]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

It is possible to drop below $3000 but as what others have said there's no have reason for it to drop that price unless there's something happen instantly. Don't be assured on what we have now because it might lead into something we don't want to happen or vise versa. I mean be alert all the time if there's anything changes occur, analyze it and never let it aside because even if it small it might have a huge impact.

[liuqi]

To buy more coins?

Certainly 

I guess Bitcoin price should controlled by the miners nor the traders or the whales or the market. The miners are producing the coins hence the miners should be the one who would control the price.

I think you wrongly guess in this platform because already more than half of the Bitcoins are mined in current scenario so traders are occupy the more demand and this manipulation is unexpectedly happened in the market so we will wait and see the future journey. But I guess 3k USD is impossible so we will see some positive result.

[arpon11]

Today bitcoin back to $4200. As we saw yesterday it was $3700. Is there any chances that bitcoin go below $3000? If yes then what will be the main reason for it?

Bitcoin may not go that low again though speculators are saying that bitcoin is going towards $1500. I think bitcoin is going to grow more than bearish.  I was trying to review some of the chart pattern that has developed this year in relationships with what happened in 2016 and 2014 and one thing that I noticed in common is that there were more positive event at the end of the year and that always transmitted to positive price outlook at the end of the presiding years.  I think next year is going to be a bullish year and those that takes the risk of buying now are going to make money in years to come.