The moon will reduce analysts predicted the price of Bitcoin 17 percent
Source:
The analyst firm Trefis have lowered their expectations about the cryptocurrency, according to . Now, experts expect $ 15 000 and 12 500 dollars per bitcoin by the end of 2018.
theForecast Bitcoin exchange rate – disappointing results
The Trefis Analysis is based on the fundamental ratio of supply and demand. As demand here is the number of transactions in the Bitcoin network, and the proposal submitted by kamineni number of coins. According to experts, the number of transactions fell significantly. At the same time demand increased because of the bitcoins Mt. Gox this spring.
We have reviewed their expectations about the prices of the main cryptocurrency. At the end of 2018 Bitcoin will cost about $ 12,500 due to the difficult market situation.
In may, we could see a small rally on the Bitcoin exchange rate. However, the cryptocurrency still have not been able to maintain a bullish trend, now it is trading at the level of local minimums in may. Trefis analysts think the reason of falling, the inability to gain a foothold above $ 10 000 dollars.
While other experts have lowered their expectations, an analyst with Thomas Lee Fundstrat sharp rise in the price of Bitcoin to the end of the year. John McAfee is also not give up their positions and bullish sentiment.
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