Tag Archives: $3000

‘Violent’ Bitcoin Price Correction to $3000 Could Ring Dramatic Reality Check

As the bitcoin price shatters past $8,600, analysts are desperately throwing out wild new price targets. $10,000 in the next week. $30,000 by the end of the year. $1 million by 2020! Continue reading ‘Violent’ Bitcoin Price Correction to $3000 Could Ring Dramatic Reality Check

Bitcoin Price Will Likely Bottom at $3,000

Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors liquidating their holdings will continue to drive the price downward. Continue reading Bitcoin Price Will Likely Bottom at $3,000