From the past one week, we have seen fluctuations in the prices of Bitcoin and its falling down again. Bitcoin that started the week at the rate of $10600 is going down like a shooting star.
Bitcoin trading opened up at the price of $10600 but we saw a huge dip in the price on Tuesday and Wednesday and it came down to $9400. Many investors and analysts started predicting that Bitcoin is going for the bearish market and it will drop down to $8500-$9000 but instead it formed the “W” pattern again and went up to $10200.
As the week is almost ending, we are again seeing the dip in the prices and this time the dip was so quick that we might think that maybe this time the predictions will come true and bitcoin might hit the lowest for the week. Within 10 minutes, Bitcoin went down from $10200 to $9450, and it is still going down. Seeing this dip, the market for the rest of the week is not looking good to us. Let’s hope for the best.
