RATE Group | Bitcoin Could Fall to $900, Claims Analyst
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Bitcoin Could Fall to $900, Claims Analyst

11 Nov Bitcoin Could Fall to $900, Claims Analyst

Posted at 23:19h in Cryptocurrency News by

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While many representatives of the world’s financial system have been consistently deprecating Bitcoin and cryptocurrencies, Jean-Claude Trichet, the former European Central Bank (ECB) president, dismissed the idea of cryptocurrencies as pure speculation.

While Trichet is the latest in a crowd of regulators and lawmakers to have expressed his opposition to cryptocurrencies, the anti-crypto sentiment has grown louder since Facebook revealed its plans for their own currency.

As for its price, Bitcoin seems to be in the beginning of a new long-term upward cycle — with the potential of reaching a new all-time high within the next two years.

Extremely Bearish

Even in the world of cryptocurrency, there are several prominent bears. Cryptocurrency trader Crypto Dude recently tweeted an extremely bearish Bitcoin price prediction — going against the current bullish enthusiasm on ‘Crypto Twitter.’

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