after the bitcoin price drops to $ 10000, yesterday the bitcoin price rose by 8.5%, and I expect the bitcoin price will not fall again, and will slide to $ 20,000, and I think when the natural correction ends.
But today I see bitcoin down again, why this can happen? is it a bubble? how to make the hype to be stable and go back up?
Two things:
1. 8.5% rise in bitcoin price within 24 hours does not guarantee an accelerated hitch-free 84.33% rise within a short amount of time. While this is not an exclusive pointer (and my biased opinion), other intrinsic factors affect the market price and more intimately regulation and volatility.
2. Hype at this point is no longer enough to drive that wagon; if it were enough, Dec., '17 would have been a huge turning point for cryptocurrency and mainstream adoption and hence dismiss every fear you currently have for bitcoin as being a bubble.