Analyst and currency trader Ton Weis predicts a decrease in bitcoin in July below $ 5,000. In his opinion, with "the most optimistic scenario for bears" - bitcoin will drop to $ 4,975 per coin.
Movement of quotations of the first crypto currency this year, he compared with 2014, when for the year they fell from a level of about $ 800 to almost $ 300. Weiss on Twitter recalled that a few months ago he warned about the bear market of bitcoin, and confirmed that he expects the BTC to be below $ 5 thousand, - writes anycoin.news.
In July, he promised to update the forecasts for future levels after reaching the stated goal. Weiss does not believe that the recent decrease in bitcoin was caused by hacker attacks or other reasons. The movement of prices, in his opinion, repeats what already happened once.
"Not only the price, but also the indicators RSI, MACD and scholastic confirm the trend and talk about the identity of the scenario that arose after the previous highs of BTC at the end of 2013," the analyst said.
Further in his forecast, Weiss suggested that the current trend for the fall will eventually change to growth. The head of Binance crypto-birzi, Zhao Changpeng, also believes that today's situation on the market repeats the trends of previous years, when the bear market was replaced by bullish.
John McAfee, a famous crypto enthusiast and former CEO of McAfee Associates, urged investors not to panic, as the price will recover, - reports freedman.club.
McAfee wrote in twitter: "Do not panic about the cost of bitcoin. This is a strong reaction to the news that Bitstamp, Coinbase, ItBit and Kraken are investigating the manipulation of prices. This will delay bullish sentiments for no more than 30 days. Do not buy fear. Buy coins. "
He also believes that now is the time to invest. Investigation of large crypto-currency exchanges is holding back the price growth, however, according to McAfee, this trend will last no more than a month, after which the rates will again go up.
PR-director of Tugush Blockchain Finance Timothy Fortunatov noted that the recent fall of the market looks like an artificially created hysteria. Fortunatov predicts the return of the bitcoin price to the level of 7.5 thousand dollars in the near future, - Prime writes.
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