As Bitcoin’s price continues to slide downward from its peak back last year, some of the crypto-analysts are not painting a very rosy picture of things to come as this one at Coindesk is predicting the likelihood of it falling below $8600 and possibly a lot further. However, when you think about a $500 change in price as a “narrow range,” this just further points out the volatility of the cryptomarket.



The cryptocurrency has spent a better part of the last 48 hours moving in a sideways manner in the narrow range of $8,800-$9,400. As of writing, the BPI is seen at $9,095 – down 0.5 percent for the session.

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Source: [H]ardOCP – Bitcoin Slide Continues Towards K