Experts Unveiled A Destructive Forecast For The Price Of Bitcoin

Against the background of a sharp reduction in the price of the main cryptocurrency, experts agreed that the cost of a cryptocurrency asset in the following months can be reduced by 70%. Information reports rbc.

The first to unveiled an extremely disappointing forecast for bitcoin holders specialist byzantine general. The data were published in twitter. The most interesting element was the presented schedule of monthly activity, which showed the intersection of moving averages.

It is significant that earlier such a picture has already happened, and it happened in may 2018. Then the cost of bitcoin collapsed $ 7 thousand. If the forecasts of the expert are justified, the price of cryptocurrencies can be established at $ 2 thousand.

Keith wayring from cointelegraph supported by the byzantine general colleague and added that the element allocated by an analyst on the chart in reality is a factor indicating the price of cryptocurrency prices in perspective. From myself wayring added that the bitcoin course crossed the lower band of bollinger. This fact, in his opinion, will also negatively affect the value of the asset.

The community in the face of newsbtc analyst ayasha dzhindala confirmed that, most likely, it is worth expecting a fall in cryptocurrency. However, jindal voiced a much less threatening news and predicted a drop to $ 6.5 thousand.

Recall that one of the possible causes of falling the price of bitcoin was called the dominance of fraudulent shares.