Bitcoin collapsed, despite optimistic forecasts

None of the experts can predict exactly how the main cryptocurrency will behave.

Yesterday, bitcoin soared to $ 31,800, seemingly consolidating above the $ 31,000 mark that the major cryptocurrency has not been able to take over the past month.

Several experts unanimously stated that overcoming this important mark would allow BTC to storm the $ 32,500 mark with less effort on Friday, July 14.

However, no forecasts for BTC are a guide to action, as yesterday, after a day in the new price range, the main cryptocurrency went into a sharp dive.

As a result, the exchange rate plummeted from $ 31,800 to $ 29,800 in a few hours, a drop of $ 2,000. On Saturday, the rate fluctuated between $ 30,200 and $ 30,300. Some believe that this is a bad indicator, and now there is a high risk of a collapse to $ 25−26,000.

All other cryptocurrencies have also collapsed: ether fell to $ 1900, and now it costs $ 1930. This week’s record-holder, XRP, which initially rose to $ 0.94, fell to $ 0.68 and is now worth $ 0.72.