Many analysts made a price prediction on bitcoin a lot of crypto market has lost billions of money in the market. The total crypto capitalization of all cryptocurrencies is threatening the break down about $100 Billion.
The most popular Bitcoin lawyer and Fundstrat Global Advisors, Tom Lee, believes that the fair value of Bitcoin is between $13,800 and $14,800. He expects the price to rebound if the asset class is widely embraced and its user adoption increases.
The current price of Bitcoin is $3,259.20 which last from $3,329 i.e. in the last 10 hours the price dump by $100, according to “Bobby Lee the price of Bitcoin apparently many people have voted that
#Bitcoin will go below $2,500 in this bear market. I’ll be very surprised if it ever hits $2,000 again. I suspect there will be a lot of buy orders and support at both $3,000 and $2,500 mark. We will see!”
Now from Dec 2017 high of $20,000, going down 87% would take it to $2,500. So maybe bottom out in Jan 2019? 🤔
— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) December 7, 2018
Soon, the Bitcoin may reach down to $2,000, it may break, sink the currency till $1,800.
Tether and Litecoin are trending and seems always green in the whole market. The market may or may not pump high.