Depending on whom you pose the question to, Bitcoin will either rebound or meet its demise. As of right now, some analysts are convinced the Bitcoin price will drop well below $5,000 pretty soon. If Market Securities Dubai’s Paul Day is to be believed, we will hit $2,800 in the not so distant future. Anyone who has paid attention to Bitcoin this year may have noticed a peculiar trend. After hitting nearly $20,000 in late 2017, that same Bitcoin is now worth just over $8,200.