The current bitcoin price is $3490.
The market is currently is going under panic mode as china largest Bitcoin trader which BTCC has announced to suspend its operation from 30th September till further notice from the GOV authorities.
BTCC didn't say it will stop the trading of Bitcoin forever but just suspend to temporary, this is where everyone taught they are going to shut down the site completely so everyone begins to sell and Bitcoin price had a major fall.
Based on the current chart of Bitcoin, i will predict the price will fall till $3000, at that point it will have support to stable the currency back and will once again shoot upwards.
Other cryptocurrency will also fall as the Value of Bitcoin is dropping and it also will begin to increase once the value of Bitcoin is stable. As of now STEEM is less or around $1.. Quite a good time to get it. ;)
That's all for now. Regards.
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