Today, January 25, the first cryptocurrency rate again dropped below $ 3,600, falling three times over the year. However, recently this situation does not surprise most well-known market experts, who warn that bitcoin and altcoin will continue to fall in price in the near future.
At the beginning of December 2018, the co-founder of BTCC, Bobby Lee, made a resonant forecast, stating that the Bitcoin rate would drop to $ 2500 in January. In order for this forecast to come true, for the 6 days that remain until the end of the month, the first cryptocurrency must be cheaper by 30% from current levels. at the same time, he stressed that he doubted that the price of an asset could fall to $ 2,000.
The billionaire and founder of Galaxy Digital, Mike Novograz, is confident that there will no longer be sharp drops in the value of the coin. At the same time, he does not exclude that the price of Bitcoin may drop to the level of $ 3000, after which it will be in the zone from $ 3000 to $ 6000 in the near future.
A similar opinion is shared by the head of Civic startup Winnie Lingham. He argues that in the next month or two, the first cryptocurrency will be trading around $ 3,000- $ 5,000.
The head of Morgan Creek Digital Assets, Anthony Pompiano, is also confident that the asset rate may fall far below the current value. The expert said that in the short term, there remains the possibility of further falling below $ 3,000.
Pompiano is supported by analyst Murad Makhmudov, who believes that by April the price of Bitcoin will fall to $ 1,700- $ 2,200. He made such a conclusion comparing the situation in the industry with a bear market in 2014-2015.
All the specialists who make short-term negative forecasts assume that in the future the price of cryptocurrency will start to rise again, it just takes much more time than expected. According to the creator of Cardano, Charles Hoskinson, for example, Bitcoin will return to the historical maximum of $ 20 thousand only after 10-11 years.