Why Bitcoin Price is Falling ? Good Time To Buy Bitcoin Price Dip ?
Bitcoin is dropping continuously. Some people thinks bitcoin was a bubble which burst and will never go up again. So why bitcoin price is falling? Will bitcoin go up again ? Will bitcoin bounce back ? Will bitcoin recover? These are important questions, people are thinking about. I’ll try to provide reasons and what will be right time to buy bitcoin again, in this article.
Why Bitcoin Price is Falling ?
There are a lot of reasons. But i will put light on very big and major reason on which people are not paying attention. So as you know bitcoin have more sub coins like bitcoin cash and now bitcoin SV.
There was news about bitcoin that there will not more than 21 trillion dollar bitcoins in world. So to tackle this bitcoin introduced two more coins.
Bitcoin cash and bitcoin SV are very famous now, but these coins are effecting bitcoin core very effectively. Bitcoin core potential is going down.
These two coins are major cause of bitcoin drop. If you do not agree then read this strong reason.
Also Read: Bitcoin Price Prediction 2019 to 2025
Because We cannot create bitcoins more than 21 trillion that’s why bitcoin introduced more coins as its sub or new category, so that it can continuously provide opportunity to miners to mine bitcoins. But not in bitcoin shape but in bitcoin cash and bitcoin sv.
This is the also reason bitcoin cash also drops very fast and effectively.
Will bitcoin go up again ? Will bitcoin bounce back ? Will bitcoin recover?
Bitcoin have three coins now, like bitcoin core, bitcoin cash and bitcoin sv. So it is very difficult for bitcoin core to increase now.
In my opinion bitcoin will in range form $1000 to 20,000 for long time. You cannot expect $25000 to $100,000 in future. Current situations are very bad for bitcoin.
Yes of course if India, Pakistan and some other European countries allows bitcoin transactions in local banks and allow to use bitcoin then definitely bitcoin price will increase in future but not up to $100,000.
Also Read: Bitcoin Price Prediction 2060
In short for now you can expect bitcoin will hit $5000 to $10,000 in 2019.
Bitcoin price prediction 2019
BTC price prediction 2019 is up to $5000 to $10,000 maximum.
Bitcoin price prediction 2020
BTC price prediction 2020 is up to $8000 to $12,000 maximum.
Bitcoin price prediction 2021
BTC price prediction 2021 is up to $10,000 to $15,000 maximum.
Bitcoin price prediction 2022
BTC price prediction 2022 is up to $12,000 to $18,000 maximum.
Bitcoin price prediction 2023
BTC price prediction 2023 is up to $15,000 to $19,000 maximum.
Bitcoin price prediction 2024
BTC price prediction 2024 is up to $16,000 to $22,000 maximum.
Bitcoin price prediction 2025
BTC price prediction 2025 is up to $18,000 to $20,000 maximum.