Bitcoin might never dip to $6,000 again. Anyway, if the coin tumbles to that level, we should buy lots of it. This is the conclusion of Timothy Peterson, a chartered financial analyst (CFA) and fund manager. There is No Way Back Yesterday, Peterson tweeted that Bitcoin would never drop to $6,000 in our lifetime. While this prediction sounds daring, the analyst used a financial simulation technique called Monte Carlo. This algorithmic simulation helps analysts understandRead MoreThe post Bitcoin Will Never Drop to $6,000 Again, Financial Analyst Says appeared first on Bitcoinist.com.