Will the price of bitcoin keep dropping?

The price of Bitcoin (BTC) after 5 years (from today) will be around $132,275.8371. Will the price of Bitcoin (BTC) fall or decrease or drop in future? The technical analysis using the algorithm says that the price of Bitcoin (BTC) will not decrease or fall or drop in long term.

Why did Bitcoin just drop?

The recent slide is a reversal from the dramatic rise that started in the second half of last year. Part of the reason for bitcoin’s weakness seems to be at least a temporary reversal in broader acceptance for cryptocurrency, as well as regulatory concerns and weakness in more speculative areas of financial markets.

Why do we get extreme bitcoin price drops?

While the emphasis on FOMO is more often placed on the fear of missing out on a profit-driving coin, the opposite can also be true. A sudden drop in Bitcoin could be attributed to a variety of causes, with trades happening at dizzying speeds. Whispers of government regulations or markets that are out of favor are enough to cause many to oversell.

Why bitcoin will collapse?

Watch on Bitcoin is an asset that is fueled almost entirely by “false hope” and should demand falter, the price is just going to “collapse”, said Peter Schiff, chief market strategist at Euro Pacific Asset Management. “Ultimately, bitcoin is going to collapse, and any demand that it might have siphoned away from gold is going to return to gold.