As of the writing of this blog, Bitcoin price decreased substantially by at least $400 as compared to yesterday's price and had sinked below the $4,000 mark.
Will this trend signifies that the Bitcoin price will now pave the decreasing trend in the coming days and weeks? Also, various researchers made some forecasts that Bitcoin price will decrease abruptly when it reach the $4,000 mark.
One notable study was conducted by Goldman Sachs wherein they predicted that the Bitcoin price movement as compared to prior months and years have already reached the fourth wave of high momentum, hence, a sudden drop will be likely as a result of an upcoming correction. Their analysts suggested that the Bitcoin price will probably be valued at half the all time price of $4,400, maybe around $2,200 in the coming months or so.
Again, these are only forecasts and uncertainty can't be fully proven once actual results are generated. Let's just hope that this is only an outlier decrease and Bitcoin will get its momentum back in the coming days.
Lastly, investors should decide properly and carefully weigh their options if it is still proper to hold or sell their investments in order to minimize future losses.