RATE Group | Bitcoin analyst warns of a crypto winter ahead – Bitcoin Price News
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Bitcoin analyst warns of a crypto winter ahead – Bitcoin Price News

19 Oct Bitcoin analyst warns of a crypto winter ahead – Bitcoin Price News

Posted at 13:09h in Bitcoin News by

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Trend analyst on Tradingview, Yuriy Bishko, has predicted a dull winter for the BTC market. In his opinion, the price of the leading cryptocurrency is likely to continue to drop further before picking any upward momentum. Yesterday, the price of bitcoin fell below $8,000 once again. Several other analysts also predicted a bearish run for the BTC market.

The price of bitcoin has failed to gain any upward momentum since its crash later last month. At the time of writing, bitcoin is changing hands at $7,930. According to Yuriy, the bitcoin is now following the same pattern as other assets like gold or oil, and it is most likely that price will go down further before rising.

Bitcoin, important warning, crypto winter is coming!!! by Yuriy_Bishko on TradingView.com

Earlier, one of the top traders at Bitmex predicted that the price of bitcoin is likely to touch $6,000 in the short term. The prices of major altcoins are also expected to follow a downward trend. It has been observed in…

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