With the Bitcoin Price Falling, Tim Draper Assures It Will Go Up to $250,000

[Vladar49]

The value of Bitcoin (BTC) is experiencing its new low since February 2018, trading slightly above $6,430. The digital currency has fallen by more than 11%, pushing its monthly losses to the mark of 25%. However, Bitcoin bull Tim Draper believes that the crypto coin can reach $250,000 in a four-year term.
The reduction in price seems to be gaining momentum, as bitcoin trading is currently conducted on the level of $6,430. However, the crypto market evidences a high selling pressure. If we look closely at the 4-hour timeframe chart, it will show that the price of Bitcoin has not managed to go further than $9,500 in May. Besides, we can point out a couple of support zones, but they have failed to resist to the prolonged bear pressure.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-falling/