Bitcoin Price Watch: Arthur Hayes Says Currency Will Take a Downward Leap

At press time, the father of cryptocurrency has moved back up to the $6,400 range. This is a welcome change from its recent slow to $6,300 and presents a few interesting scenarios up ahead. For one thing, we know that bitcoin could potentially be recuperating from its recent $200 drop. The currency fell to $6,200 for the second time within 30 days, leaving many enthusiasts wondering if $5,000 was next. Apparently, the currency is now backtracking to where it was originally, with the possibility that it may strike its original figure of $6,500 soon.