According to the predictions of Oanda’s Head of Asia-Pacific Trade, the price of Bitcoin could fall as low as $ 2,500, the performance it has shown in the last few months has not yet shown the bottom point to investors. Despite the announcements, the current situation seems quite negative for investors who will buy or sell bitcoin.
Sharp Drop
Questions about how far Bitcoin will drop before bottoming out Replying to Innes, he said that for many reasons, cryptocurrencies will not be attractive to buyers anytime soon.. The main reason behind this is that it is very difficult to predict the future of the market as bitcoin continues its turbulent decline.
In her own words:
“I’ve been looking at how coins have moved in the last few months.. It seems we haven’t reached the bottom yet, so I don’t think any sane investor will invest in these conditions.. And that shows that we still have time, and the psychological impact on inexperienced investors once it hits divergence points like $3500-2500 will be huge.”
Going further, we’re going to make blockchain a positive one in the long run. He says that while he sees this as an issue, the current atmosphere of uncertainty is causing all investors, both experienced and inexperienced, to stay away from cryptocurrencies, which will further reduce bitcoin prices. and the topic seems to be growing with the impact of the latest Bitcoin Cash hash war.
Summarizing his thoughts on the current state of the market, he said:
“Given the momentum we’ve had over the past year, price movements are not positive at all, and contrary to forecasts, now is not a good time because it is quite difficult to quantify what we are buying at these levels.”
Bitcoin fall Still cold, down another 7% on Tuesday, entire market looking pessimistic. CCN announced on Tuesday that Nasdaq, the world’s second largest crypto exchange, will begin trading bitcoin futures in the first quarter of 2019.
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