Fall below 3 million: the founder of Morgan Creek predicts the fall of Bitcoin
Source:
« still have to fall», says the founder of Morgan Creek Digital Assets Anthony Pompliano. Earlier, the expert predicted a sharp decline in the prices of Bitcoin to $ 3,000. However, even here the market will find a bottom, because the main cryptocurrency will continue to decline in the near future. Good news — up to «real» bottom left not so much.
theget Ready to fall
In a recent CNBC interview, Pompliano shared views on the near-term Outlook BTC.
I think in the near future we still have far to fall.
If at all Possible repeat of the November scenario? In theory, Yes, because Bitcoin can surprise investors. Its sharp fall in late autumn waited for is that the opponents of cryptocurrencies. After nearly a month, the cryptocurrency with the same speed began to grow and added about a thousand dollars to its value just a couple of days.
The Rebound had a positive impact on altonah. For example, rose by almost half. Other coins in the top 10, our even broke out of the downward price movement and began to form local uptrend.
The Stock market is also experiencing not the best times. FAANG stock (Facebook, Apple, Amazon, Netflix and Google) have fallen by tens of percent. However, between them and the stock market there is no correlation, says Pompliano. The simultaneous fall of Bitcoin and FAANG rather have a strong psychological pressure on investors.
Source: eCrypto
Another cryptanthus Tony Weiss on the same scenario. According to him, following draining of Bitcoin will be the result of forming a new bottom at the level of $ 1,000.
But opponents of Bitcoin have another point of view regarding the future of cryptocurrency. According to them, it is up to scratch, and it can happen in 2019. Fortunately, none of the predictions of the haters were proved wrong.
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