Last week has been a pretty rough one for the Bitcoin price, to say the very least. That is not entirely surprising, as the main focus was on pumping Bitcoin Cash well beyond its true value.
Slowly but surely, things are changing in favor of the Bitcoin price once again. With a Bitcoin price of $6,547 at the time of writing, an important first step has been taken. The big question is whether or not we will see more dips before the year is over.
With all of the issues we have seen in the Bitcoin world over the past week, it is not entirely surprising the Bitcoin price went through a massive dip.
A lot of money was moved from BTC into Bitcoin cash, although that trend may start to reverse a lot sooner rather than later. It appears the BCH pump is completely over right now and money is flowing to different currencies again.