Report: Bitcoin price may fall to $5,000 - ANALYSIS

Economic Department
Post's author

Baku. 16 November. REPORT.AZ/ Despite the fact that Bitcoin price rose 1-2% to $5,600 compared to yesterday, it is generally going to fall.

Report’s analytical group reminds that Bitcoin price yesterday fell  to a bit above 5,300. Decline rate exceeded the record on March 30 (11.5%).

Report’s analytical group thinks that Bitcoin price may drop to $5,000 due to a number of factors, including the rise in USD. Moreover, increase of Bitcoins in the circulation causes decline in its price. 

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