The value of bitcoin has seen significant losses over the last week, dropping to its lowest price since October 2017. A hack on a major South Korean exchange, as well as a new study suggesting it's 2017 highs were artificially inflated, saw the world's most valuable cryptocurrency fall below $6,000 to an eight-month low.
The volatile cryptocurrency’s price has shifted wildly ever since mid-December - when it hit a record high of more than $19,850 (£14,214) - with frequent heavy drops and speedy recoveries. Its price plummet back to earth in January and February, as governments and central banks around the world raised the spectre of future regulation.
Bitcoin’s value plummeted again shortly before Christmas, dropping by almost $2,000 (£1,449) in just an hour at one point, and almost slipping below the $11,000 mark (£7,970).
All over the past few month bitcoin never rised from 6500$ insted at one point it reached 5643$ but after some issue around the world in banking sector and bitcoin it was expected it will go down.
But after solving he issue all analytic have said that now bittcoin have a great chance of rising upto 65000$.but it's not true bcoz if it rise from 6500$ to 65000$ .
As we see in 2017 in rise of bitcoin and certainly going down .The same thing will never happen again because rising in price too fast isalso a problem .Like we see in 2017
in july 17 it was 6300$ and now in july 18 it has start rising and cross 7000$.which is decent amount of increase .
so,we can expect that the value of bitcoin will rise upto 27000$ this year.And expect it to rise in 2019 to reach 65000$.