I think yes bitcoin's price will be $300 based on the other analysis.
The head of Genesis Trading, Michael Moreau expressed the opinion that the fall in the price of the first cryptocurrency would stop at around $ 3,000.
"You really will not find the bottom until it reaches the level of $ 3000, followed by a flat," said Moreau.
The analyst advised to be cautious to those who are going to increase their positions “on the bottoms”. At the same time, he is sure, long-term investors are set to hold their current positions and count on price recovery.
“This is already the fifth or sixth drop of more than 75% in the entire ten-year history of Bitcoin,” the head of Genesis Trading shares his thoughts. “I don’t think that institutional investors are seriously concerned about what bitcoin prices will be like in 2018, since they are focused on a 3-5 year perspective.”