Bitcoin has not surpassed $10,000

While some may investors may wish that Bitcoin could fly above $10,000, it’s not happening just yet - instead, the end of Thursday (European time) was marked by a price decline. At the press time, the most popular digital currency lost 6% and costs $8,440.96.

Some press outlets connect this little downfall to the story with Binance - the report by Nikkei has been false, but it has already made an influence on someone’s trading decisions. But overall, this price motion scenario could have easily happened even without this scandal.

This behavior of Bitcoin has been well-described by Sheba Jafari from Goldman Sachs: when it fails to reach a new round figure in its growth, it also fails to motivate its investors and goes down. She has also predicted that this cryptocurrency may reach $5900 or fall below $7000, and if one remembers her previous prognoses, this scenario should not be excluded completely.

The current shrink of price is not as appaling as the one witnessed in January this year and Bitcoin still has chances to recover to $9000. With some altcoins, however, one cannot state so that confidently - for instance, NEO and ZEC have lost over 10% in 24 hours.

Image courtesy of Paul Zizka