How Low Will Bitcoin Go?

Photo by Austin Neill on Unsplash

It’s not a secret that the price of Bitcoin has been crashing. From its high in November, Bitcoin is down over 70%. The question is: how much lower will Bitcoin go from here? Where will the price bottom out?

One common price I’ve heard thrown around, for how low Bitcoin’s price will go, is $10,000. The case for 10,000 is two-fold. For one, if Bitcoin were to fall that far, it would be similar to the drawdowns that it…