Bloomberg Analyst Announces Price Forecast for Bitcoin

While Bitcoin and cryptocurrencies have followed the negative price outlook in the last 24 hours, the crypto money market has regressed from 130 billion dollars to 123 billion dollars band again.

In the news in Bloomberg on 5 December. While analysts suggested that the negative trend of Bitcoin may continue in the long term, they stated that technical indicators look negative for 2019 as well. approached the point. After following a stagnant image for a long time, Bitcoin again reached high volatility in November and closed the last month with one of the highest price decline rates in recent years.

Bitcoin Cash Shows Technology Is Fragile

Bitcoin In the article stating that . According to this indicator, it is stated that prices may continue negatively for Bitcoin if the price development continues, while Bloomberg Intelligence analyst Mike McGlone claims that the weakening trend in Bitcoin and cryptocurrencies will continue in a note he shared with his readers. He shared in his analysis that it could regress to the dollar level.

“Pi McGlone argued that the Bitcoin Cash hard fork is an indication that the technology is still fragile. There is no and factors such as Bitcoin Cash separation and year-end tax regulations may trigger the decline in prices.

Cryptocurrency experts such as Morgan Creek creator Anthony Pompliano and Willy Woo also stated that the bottom has not yet been seen in Bitcoin, and Pompliano Bitcoin has 3,000. He shared with CNN that he would be preparing for a comeback after reaching the dollar level.

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