Cryptonews - Bitcoin price plunges, analyst predicts a further drop to $47,000 due to profit-taking by short-term holders and Mt. Gox news

https://cryptonews.com/news/analyst-targets-47k-as-bitcoins-next-bottom-after-mt-gox-dump.htm

The price of Bitcoin has significantly dropped recently.

An analyst predicts it could fall even further to $47,000, which is 25% lower than the average price at which people bought Bitcoin in the last month.

This price drop is likely due to a combination of factors, including panic selling by new investors and the recent announcement from bankrupt Bitcoin exchange Mt. Gox.

What do you think?