There is only one question on the mind of every cryptocurrency traders at the moment: Where will Bitcoin go from here? According to one expert trader, the outlook does not look promising this summer.
Bitcoin dropped to a new yearly low of roughly $5750. At the time of this writing, Bitcoin is trading at $6156 — but Jordan Hiscott, Chief Trader at Ayondo Markets, thinks the worst has yet to come.
Hiscott also believes that recent events have played a major part in Bitcoin’s bear market, and will continue to do so.
Meanwhile, CNBC’s Brian Kelly stated last week that this is not the end for Bitcoin.
Finally, Kelly noted that the latest news surrounding the infamous Mt. Gox ‘Bitcoin Whale’ is positive for anyone fearing a major dump from the exchange’s trustee.
Where do you think the low for Bitcoin in 2018?