The market seems to be in state of limbo right now, with a plunge in the stocks market, the crypto market isn't spared either. All hopes of a bull run in 2018 seem to be fading away and if there'll be a surge ever this year, it may just not surpass $8k and that being the highest till year end. What's your take?
Now $3500 at bitcoin prices, there are still many people out there who predict prices will fall back to $1500 or more. Indeed, no one knows where the price of bitcoin will return, up and down is very flexible, most of the traders even suffered a lot of losses in the past few days. Maybe $8000 is a very high price if indeed the price of bitcoin will recover, if everyone buys bitcoin at the current price, it is certain they will get a big profit.