Price forecast bitcoin

Price forecast bitcoin

Bitcoin, the first largest encrypted currency, has been jittery since it peaked at $ 19,500. After the end of 2017 for December 2018 January, everyone was expecting a BTC refund. Unfortunately, things did not recover and things did not get worse. At present, the BTC hover above $ 4,000 and there is no saying when you take another hold of the price price below that level.

As expected, some experts have given their opinion on the current bearish market and most do not think it will end soon. While BTC may find stability in the short term, it will take a lot of effort over the long term to reach an all-time high of almost $ 20,000.

Statistics showed that individual investors lost most of them during this bearish market. That's why major sales were not surprising. What's more, these small-scale investors are less likely to return to the market anytime soon. Only the older customers who believe in the industry will probably stay.

Loss of investors suffered not only affected them financially, but also affected them emotionally and well. Imagine a new investor enter the market when the price was as high as 19,500 and remained in the market until it dropped to 4,200 and even lower. This can have a serious psychological effect on the person.

Experts talk about the future of BTC

Boris Hristoff, a researcher at Bitquin and Technology, had much to say about current market conditions. According to him, the only way BTC will recover its legitimacy and composure is if institutional investors enter the market. However, since most of these investors do not wish to bear the financial risks associated with business encryption, they do not want to engage in the market. In his words:

"Some potential institutional candidates are Marco CTAs funds, multi-strategy funds and alternative strategies have about $ 600 billion AuM.The commodity assets alone held by hedge funds are $ 300 billion as of 2017. The BTC is offset by 10% of this. Aquarius, total funds are potential institutional filters, however, current conditions are bleak. "

Referring to nursery investments such as Fidelity's investment and Goldman Sachs, he said the stadium would soon become institutional investors. These services will help them invest in a less volatile market through counter-trading.

Robert Sluymer, also from Fundstrat, sees Bitcoin bottom

At the bottom of the street in the CNBC Broadcasting Room, Slomer pointed to the rising bottoms series that the price of the Betcairn should hold if the market remains bearish.

He reiterated that he believed that KFH was about to "defy its downward trend" as the price of the uptake might move towards the upside if it breaks through the current downtrend levels.

He also pointed out that the index of the RSI is sitting at a completely low level, similar to the levels we witnessed before the previous interim moves to the upward trend we saw earlier this year.

Slomer said:

The setting exists, but what we need to see is the actual hacking code and moving through some very basic levels.

However, like many analysts, Slumer had something to say about the possibility of a worst-case scenario. But Sluymer still shares rising feelings with his co-worker, Tom Lee, saying:

If you are short, you should be very careful and reduce your exposure for a short time. I think if you look for a long time, this is where you start by adding you to your long exposure.