Coin Bureau: Bitcoin could crash to $10,000 in three months
In his release on YouTube, the analyst said that soon bitcoin may well lose 60% of its capitalization. The driver of the decline should be the decision of the US Federal Reserve on the base rate - if the US Central Bank stops raising the rate, then the stock and other markets will simply collapse.
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We will see the bottom of the cryptocurrency market in the first quarter of next year. I think bitcoin will fall to $10,000, and the decline in altcoins will be from 60% to 80%. The main reason will be, as expected, the cessation of raising rates by the Fed. But, I emphasize, this does not mean a reduction in rates, so the cryptocurrency will not fall below the specified limit, ”an anonymous analyst reasoned.
According to the author of the Coin Bureau channel, the stock market is expected to decline by 20% or 30% in the coming months. And the cryptocurrency market is more volatile, so it will go down by 40% or 60%.
