At the beginning of the week the price of Bitcoin resembled a rollercoaster, it reached another all-time heights of $7,800, and then dropped to $7,300. The second half of the week showed steady downfall to its present value of $6,553.62. More than a thousand dollars away in a couple of days. It might seem a tragedy for those who bought at $7,300.
Market experts anticipate the fall continuing to about $5,000, then turning into steady increase. Michael Morton, the founder of Morton Bitcoin Management, a niche IT investment firm that specializes in Bitcoin investing and startups using blockchain technologies, and GNEISS, a universal Ethereum peer-to-peer smart contract asset exchange, stated to Coinidol:
“I strongly support the decision to cancel the Segwit2x Fork. Any blockchain that tries to fork bitcoin I see as an attack on the original network. There is only one bitcoin. I would expect a short term retrace to around $5,000. Followed by the long term bitcoin bull market to end up above $10,000 by the end of the year”.
https://coinidol.com/bitcoin-price-down ... e-heights/
