Trader Credible predicted the growth of bitcoin to 70 thousand dollars after the fall 
The fall of bitcoin is a necessary correction for the continued dynamic growth. This reason for the decline in the value of the first cryptocurrency was named by the trader Credible in his Twitter account.
According to the analyst, the bitcoin rate is in the phase of a healthy correction and will soon fall to 52-53 thousand dollars. However, the trader is confident that in the future the most popular cryptocurrency will exceed 70 thousand dollars. Credible argues its opinion by the fact that each growth cycle of bitcoin lasts longer than the previous one, so the mark of 69 thousand dollars is not the highest indicator yet.
On the eve of November 18, bitcoin dropped in price to 57.3 thousand dollars is an anti-record since October 28. At the time of writing the news, the rate of the most popular cryptocurrency fell again, losing 4.19 percent per day. Bitcoin is trading at a price of 56.9 thousand dollars. The minimum per day was 55.6 thousand dollars – the first cryptocurrency last fell to such a value on October 13.
The cost of bitcoin began to fall against the background of news that China will intensify the fight against cryptocurrency. Possible measures include raising electricity tariffs for those who continue to mine coins despite the government's ban.