Bitcoin Price will Drop Further to $1,500, Analysts Predict

[Goodcat49]

Some analysts from Bloomberg Intelligence (BI) anticipate that Bitcoin (BTC) will "fall further," as reported by Bloomberg. Various crypto sector pundits have already started calling this the cryptocurrency winter.

“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.

A Вeep Вitch for Bitcoin   
Travis Kling, a hedge fund founder, was quoted saying that he "didn't sleep very well" due to the high disorder in wider digital currency markets because of the recent Bitcoin Cash (BCH) hard fork, which coinidol recently reported.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”   

Crypto Bear Market Effect   
Mike McGlone, a BI analyst, also said that the recent market crash was sparked by the pump for the BCH hard fork. He elaborated:   

“Pump that started a few weeks ago, got the market a bit too offsides with speculative longs playing for the good old days. But this is an enduring bear market.”   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-will-drop-further-to-1500/

[Munareal]

I do not see Bitcoin price to be $1 500 at any time even though its price has plunged. Bitcoin's price is bearish now. The sleeping giant will wake up soon. Remember Bitcoin has a limited number so it will be scarce and being scarce will make the price go up on the long run.

[Niteroy]

I do not recommend believing analysts' forecasts from Mass Media, as they can make statements in favor of certain financial structures, organizations and make custom forecasts of those who benefit from the collapse of prices in the crypto market. Moreover, the forecast "Bloomberg" is based only on assumptions.

[Contagem]

In my opinion, someone really wants the Bitcoin rate to fall, because I disagree with the analyst forecast from Bloomberg. The number of ATM Bitcoin is growing, now their number is more than 4 thousand, the number of places where they accept cryptocurrency is increasing, new projects based on the use of cryptocurrency are emerging.

[bubblebubble]

Today we are testing again the principal support.
BCH fork should affect this if the war starts really.
So I wish price resists potential attacks that could affect really ecosystem.

[Citysatoshi]

Some analysts from Bloomberg Intelligence (BI) anticipate that Bitcoin (BTC) will "fall further," as reported by Bloomberg. Various crypto sector pundits have already started calling this the cryptocurrency winter.

“Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.

A Вeep Вitch for Bitcoin   
Travis Kling, a hedge fund founder, was quoted saying that he "didn't sleep very well" due to the high disorder in wider digital currency markets because of the recent Bitcoin Cash (BCH) hard fork, which coinidol recently reported.
“There’s a small chance that, it’s difficult to estimate, that something really bad could happen related to Bitcoin Cash that could then impact the entire crypto market.”   

Crypto Bear Market Effect   
Mike McGlone, a BI analyst, also said that the recent market crash was sparked by the pump for the BCH hard fork. He elaborated:   

“Pump that started a few weeks ago, got the market a bit too offsides with speculative longs playing for the good old days. But this is an enduring bear market.”   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-price-will-drop-further-to-1500/

Friend, so many of these forecast has not translated into reality, and if you have been following crypto predictions or forecast, you may agree with me that they have been failing, and i think that this one will not come to pass. Crypto has been very difficult to predict or forecast in recent time and it obvious that any such predictions shouldn't be taken very serious in my opinion. Thank you

[Chomzzy]

I do not believe in this predictions because, clearly Bitcoin price is unpredictable.
That was how some analysts predicted that Bitcoin will hit 30,000$ by this time, unfortunately, Bitcoin is )ess than $5k as I type this.

[Fenix]

There is no reason to believe such predictions. Bitcoin may fall a little more, but not to $ 1,500. No one can predict the price of bitcoin. At the beginning of this year, all these analysts and cryptocurrency experts stated that by the end of this year, Bitcoin will have a price of several tens of thousands of dollars. Now they claim the opposite, when Bitcoin began to fall. Bitcoin will rise in price and they will change their mind again.

[Ibagsat09]

That would be sad if prediction come true. All we need is to monitor the flow of trading and have a strategy so that your profit investment will not loss.

[Putih]

It is still just a prediction that cannot be ascertained with certainty, even though the market is in very bad condition but I do not believe bitcoin falls at the price of $ 1,500. I believe bitcoin can still grow and increase its value again, and I still hold patiently.

[jyotianand01]

This market is unpredictable as it change its mood anytime but experts are believing that this bear trend is still not over and this drop with go further but it is not sure that it will go to 1500$.  Even some experts predict that it will touch 25000 to 30000$ in next one year, so no one knows which comes first.

[TERMINO]

We don't know because it is not too hard to reach that lowest price before there will have bull run. Possible that before the end of this month $1.5k will happen then the start up of bull. Maybe I am just dreaming.

[sudeshkumar]

At this time every negative news can not be thrown away just as a spam because the market is trading low and it seems that anything can happen now ,this prediction can also not  be ignored .

[aji678]

This is just one of those analyst that are currently making predictions based on the flow of the market, what they are really doing is really stirring up the market more with additional FUD. They may look right with what they are saying as the market is really declining bad, and the sad thing about this is some news sources are making this the top of their headlines as they know these kinds of news are the ones generating the most views for their website, the more views they have the more income they will get from traffic.

[ponin]

I think “Bitcoin’s no longer boring” declares Bloomberg, before stating that analysts predict the price could fall as low as the $1,500 point, a further 70 percent drop in the coin’s price.