Are we going to hit 2500 usd ?

[ParabellumLite]

What is your prognostic?

A few days ago we were flying as high as $2900 now the price has dipped so low and we just might hit 2500 usd...
just wondering what's happening to bitcoin thought we had a correction already

'

Early signs of an emerging bear market. Demand seems to be going back, and that's fatal after a quick appreciation in price. Also, Bitcoin has rallied for about 2,5 months now: it must take a breather at some point and retrace significantly.

If I would put money on it, I'd say 85% chance of BTC not breaking 3000 dollars and retracing back to sub 2000's.

[bitcoindusts]

If you check bitstamp the price just hit below $2500, lowest price were $2490.  But the price recovered fast and I hope this one keep on increasing.  Does this decline have something to do with the etf rejection? Or ICO cashing out? or whale playing the market? Or it is just some sort of correction?

[Lucius]

If you check bitstamp the price just hit below $2500, lowest price were $2490.  But the price recovered fast and I hope this one keep on increasing.  Does this decline have something to do with the etf rejection? Or ICO cashing out? or whale playing the market? Or it is just some sort of correction?

On Bistamp is just above 2500$,but on Bitfinex&Poloniex is around 2460$,all exchanges are in red now.It is hard to say what is reason for this declining of price,only thing which is certain when it comes to BTC that at some point we can expect a correction in price.These days that difference can be pretty big,like this one and that one week or two ago when we see 1000$ price drop i just few days.

I would say that always someone take profit,whales never sleep