Bitcoin is as likely to rise as it is to fall. Based on past patterns, it is likely to rise again, however, it could fall even below its current price. Although bitcoin has experienced a slight upturn, several experts say that the cryptocurrency market may not yet have hit rock bottom. The fall in cryptocurrency prices will depend on “whether the stock market bottomed out and if none of the major crypto companies go into liquidation,” according to Edward Moya, senior market analyst at Oanda.
The investment information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell certain stocks, securities or other investments.