There is only one question on the mind of cryptocurrency enthusiasts at the moment: Where will Bitcoin go from here? According to one expert trader, the outlook does not look promising this summer.
Cryptocurrency is ‘Vulnerable’
Bitcoin dropped to a new yearly low of roughly $ 5750 before experiencing a rescue bounce of sorts back up to roughly $ 6200. At the time of this writing, Bitcoin is trading at $ 6156 — but Jordan Hiscott, Chief Trader at Ayondo Markets, thinks the worst has yet to come.
Hiscott told Express.co.uk that he expects prices to decline further as the dog days of summer progress, noting: