The Bitcoin short-term price fluctuations must be ignored as in a long-term the history shows that the BTC price always recovered and reached new highs.
Anyone who follows the Bitcoin price history chart knows that unwritten rule all too well.
But, many people expect to make gains overnight when it comes to the Bitcoin price as they expect every year to be like the last year - extremely bullish with a price rise from about $1,000 to nearly $20,000.
Bitcoin (BTC) logo
Now it is evident that the “bubble” was quite real, and it had to burst. Even so, the Bitcoin price now seems to be nearing bottom at $6500, and most people expect the bulls to return to the cryptocurrency market.
There are experts who are bullish and predict Bitcoin price of $25,000 by the end of 2018. Others who are extremely bullish project half a million per Bitcoin or more by 2020.
Obviously no one has the crystal ball thus all of these predictions can be either correct or completely wrong.
However, the Bitcoin price will evolve in one direction or another that much is guaranteed as the technology and Bitcoin acceptance further evolve.
disclaimer: this is not a financial advice, always do your own research before investing.