As per the latest bitcoin price prediction, the cryptocurrency is going to touch the ground once before climbing up again. The future prediction was made by the pundits and veterans of the digital currency world.
Where the future lies?
The American television and news industry has aging started a debate over the future of the Bitcoin. The chief focus is on the reliability of this digital currency in the approaching time. The bitcoin price prediction has been a hot topic to discuss during those debates. The low market value, i.e., $ 6,410 of the bitcoin has triggered this debate and raised a curiosity amongst the crypto traders about the future of the bitcoin. The dip in the price is a matter of concern.
The more hurdles ahead
Though the dipped price of the bitcoin has raised eyebrows of the trader about it future position, one trader, Anthony Grisanti, has it something harsher for bitcoin. The trader has commented that the SEC or Security and Exchange Commission of America won’t sanction the ETFs and bitcoin is likely to fall below the mark of $6,500 again. He made the statement while he was discussing the bitcoin price prediction with Brian Stutland on CBNC.
He goes on by saying that market has already shifted its interest from bitcoin and a clear picture about its future can be formed during autumn only.
His colleague in the debate, Brian Stutland, was way more severely critical about bitcoin and said that he likes the lower volume of the cryptocurrency. It shows that the cryptocurrency is getting less interest from the traders. He firmly stated that bitcoin is supposed to dwell between $6,000 and $6,500 only in the near future. And $6, 500 will be a critical resistance level for the cryptocurrency.