Fundstrat: bitcoin and altcoins can update lows.

[Paha87]

The investment and research firm Fundstrat Global Advisors warns that the cryptocurrency Markets may soon reach lower lows and continue your record-breaking bear market.

In an email to traders quoted by Bloomberg, one of the firm's strategists, Robert Sluimer, predicts that based on current figures, there is a possibility that bitcoin and altcoins prices could fall even further.

BTC / USD fell about 2.2 percent in the last week and is trading at $ 3370 at the time of publication on Thursday, as many altcoins have experienced stronger falls. Sluimer said:

The price structure for most cryptocurrencies remains weak and seems vulnerable to the expected breakout to lower lows.

Fundstrat is known in the crypto sphere for providing some of the most optimistic stories about the future of cryptocurrency and bitcoin in particular. However, in recent months, the enthusiasm of even this company has subsided: the popular senior strategist of Fundstrat Tom Lee announced that he will no longer make public predictions about BTC/USD.

"We are tired of people asking us about target prices," Bloomberg quoted a December statement to customers, adding that, in his opinion, the fair value of bitcoin should be $ 150'000.

Read on: Bitwise: Bitcoin turned out to be a "total bubble" and 95% of crypto will " die a painful death»

Faith in a major revival of market in 2019 remains controversial among the other major supporters. While John McAfee sadly sticks to his $ 1 million forecast for next year, CEO of bitcoin exchange Quoin also said he thinks bitcoin will pass its historic highs of $ 20,000 over the next eleven months.

Link - https://altstake.io/news/fundstratbitkoin-i-alytkoiny-mogut-obnovity-minimumy