Bitcoin went pretty high till last week but now it started to fall. What can be the reason?
Is it the Forks that's going on or people losing trust in bitcoin. One more thing for Indian users may be losing their interest because of Govt. Regulations.
But I think in future bitcoin may not be able to make it because of slow transactions, In the other hand Ether and Litecoin can grow.
Let's put your thoughts on "Will bitcoin crash?" in Comment.
Let's see what Steemit user think about it.
I think it will undergo a very healthy correction.The move up was a bit too sudden and it'll be extremely healthy for a mid sized correction.Long term however i don't see why it would crash but these corrections are extremely healthy.
I actually did a post on BTC technical analysis based on whatever i have learnt so far ,feel free to check it out https://steemit.com/bitcoin/@jsonkidd/btc-technical-analysis
i am keeping my fingers crossed for a strong correction. it appears that when people pull their investment from btc they are dumping in bcc or ether and other alts. in current scenario most of the alts are also reaching the tipping point. keep an eye on Tether though.
Hope it will after new year :)