After Bitcoin took some significant blows in the market, some investors wonder how low it could go. "$5,000 was my most optimistic downward target and my most pessimistic downward target is $1,300," says blockchain and Bitcoin consultant Tone Vays.
For the full segment, [click here.](https://cheddar.com/videos/inside-the-factors-driving-bitcoin-price-down)
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
