Where is Bitcoin Going??

The answer is up.

Why we care? Because wether we like it or not, economicly bitcoin is the crypto market leader at the moment, so as long as it stays the king and as long as we are investing time or money or even both in this world, we must care.

Now why is it going up?

The thing is, many people who are not envolved in cryptocurrency before, has jumped into investing in it recently, caused by focused attention by the media after the major price increasing, which made large investors jump into high speed moving train without knowing everything about it,

Now after the train slowed down, some of the investors thought they lost the window which made them lose interest in bitcoin which is why they liquid their wallets causing price drop in bitcoin, and when the price drop the skeptic investors also liquid their wallets, which causes another drop that we see it now

The main reason that triggered this issues is the Chinese pan for ICOs and the rumors of paning exchanges

But that effect will not sustain for long, it can recover very fast

Is this dangerous?
For short investment, Yes

For long term investment, No not at all

Bitcoin will rise and it will test 10k this year

And if it did, it means that it is increased 10 times in one year,
Looking at that you can only imagine what could happen in another 4 to 5 years, considering that it has limited supplies