Boring Bitcoin. Analysts depreciation to $ 1500

Analysts from Bloomberg Intelligence said that Bitcoin was again enjoyable. In the near future we can expect a peak of 70 per cent – up to $ 1500. The article quoted the founder of a hedge Fund Travis Kling that he is “not sleeping” due to a potential rush on kaptarenko, which could trigger recent hardwork Bitcoin Cash. To predict the situation now is almost impossible. While there is some probability that the division of community Bitcoin Cash can greatly shake up the cryptocurrency market.

Analyst at Bloomberg Intelligence Mike McGlone also confirms that the recent collapse of the market is directly connected with the pump Bitcoin Cash in anticipation of hard forks. Obviously, a prolonged bearish trend has not only affected the cost of the coins. The largest graphics card manufacturer Nvidia recently recorded a significant decline in sales in the last quarter. The reason lies in the decline in demand for graphics cards for mining.

Community reaction to the fall of Bitcoin

In his recent address to the clients Fundstrat Global Advisors analyst Rob Clymer said that rehabilitation from a “technical prejudice” due to the recent fall of Bitcoin prices will need weeks and even months. In a separate note, co-founder and head of research at Fundstrat Tom Lee informed the clients of the Fund, reducing its previous forecast of prices of Bitcoin from 25 to 15 thousand dollars.

Recall hardwork Bitcoin Cash excited the market and collapsed the price of Bitcoin more than 10 percent in one day. Chief strategist Coinshares Meltem Demirors explained a sharp drop in the reallocation of portfolios the institutional funds, which decided to reduce the cryptocurrency share of the assets. In turn, founder and CEO of investment management BKCM Brian Kelly called the collapse of the Bitcoin short-term difficulties. More data look at cryptodata.

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