In their statements, JP Morgan analysts claimed that the price of the cryptocurrency Bitcoin will gradually decrease and its price may drop to a level of $ 1,260 and below.. This claim of JP Morgan analysts about how much the Bitcoin price will drop has attracted a lot of attention, and crypto money investors have begun to think that these statements about JP Morgan, which has a high brand value, may be true. It is worrying that he claims that the price of Bitcoin could drop so drastically in the distant future.. Although it is not an unexpected change to see the price changes in cryptocurrencies in the short term, investors should closely follow the changes that will occur in the short and long term and follow the change times of the prices in cryptocurrencies and how long they rise and fall during these changes.
The long-standing declines about the Bitcoin price do not need to be on the agenda for $ 1,000 and below prices to be seen.. Because before, dozens of crypto money and Bitcoin analysts claimed that crypto money prices will see $ 1,000 gold so much that Bitcoin investors are now tired of the claims that the Bitcoin price will constantly be below $ 1,000 in the crypto money markets.. During this period, the fact that the prices of cryptocurrencies are constantly changing and that the Bitcoin price is constantly falling and rising from time to time causes some difficulties in the industry, but it causes some promising developments about the future of the industry from time to time. When the claims that it will drop to $ 1,000 do not hold, investors in the crypto money sector think that the claims made about the decrease do not hold, think that the market is protecting itself and they may think that they will not see possible decreases in the market.. Since there is no certainty about how high cryptocurrencies will rise in the short term, the more likely it is for the Bitcoin price to drop to $1,000, the more likely it is to rise to $10,000 in the medium term.. Although it is claimed that the price of Bitcoin and others should not be expected to rise much in the medium term or in the short term, it is expected that decreases are expected and unexpected decreases in crypto money prices are expected during the first 6 months of 2019.
Although decreases are tolerable by investors, long-term decreases can cause investors to have despair and dark thoughts about the future in crypto money markets. will not be announced. JP Morgan analysts claimed that they expect the Bitcoin price to drop to $3,000 first, then drop to $2,000, and finally drop to $1,260 and below.. Although it is predicted that the changes in crypto money prices may cause larger decreases with the Bitcoin price, it is not expected that the Bitcoin price will decrease to a price level of $ 1,260 or near.. In the short term, the expectation of Bitcoin and crypto analysts is that if the $ 4,000 resistance cannot be broken and the sales increase, it will be below the $ 3,000 level and then decrease to the level of $ 2,500 or $ 2,800, and a decrease to the level of $ 1,500, which is the bottom price expectation.
The $1,500 level could be an important level for Bitcoin, or even a critical level among the most important levels.. At the $1,500 level, where investors will be undecided whether to make a decision or not, if there is no strong buying demand, the demand for Bitcoin sales will increase in the market and the Bitcoin price will fall below the $1,260 level claimed by JP Morgan analysts and fall below the $1,000 level, and then the price levels below $1,000.
According to analysts, since the differences between Bitcoin price falling and rising can vary according to the buying and selling demands of investors, it may be very possible to see the level of $ 1,500 and below before institutional investors enter the market.
$ 1,000 The level of death is not death!
The claims about Bitcoin that when it drops to the level of $ 1,000, the crypto money markets will live the day of death is never true. Bitcoin had a very low dollar value when it first came out, and then it had a value of $ 100, then it started to rise over time and saw the $ 1,000 level, then the $ 2,000 level, and the levels close to $ 3,000 in September 2017.. Bitcoin, which rose rapidly to the level of $ 3,000 in the medium term, was a rise that showed investors that the expectations of crypto money investors in the world from cryptocurrencies should always be prepared for instant rises and falls.
The price changes in cryptocurrencies If the Bitcoin market cap drops below $60 billion from $63 billion in the near future, it is considered that it will be possible to see $3,000 gold with the Bitcoin market volume of $59 billion and below, and then regress to $2,500.
Bitcoin If it finally drops to $1,200 or lower, the market may remain at a level where it can return to $20,000 again, depending on the changes in cryptocurrency prices.. Since the $ 20 thousand level should be expected in the long term, waiting for a decrease instead of waiting for a rise in the short term can help you to be prepared for the possible losses to be low and to be prepared for decreases in the crypto money market volume and decreases in the Bitcoin price, so that you can evaluate the market impartially and without panic, and make the right decisions.
Cryptocurrency analysts, who think that there will never be an increase to the level of $ 20 thousand in the short term or in the medium term, state that cryptocurrencies may fall in the medium term or may start to rise by holding on to the old $ 6,400 level.. Although some institutional investors who can instantly raise Bitcoin are not expected to enter the market after the first 6 months of 2019, if they are in the market and have a desire to buy Bitcoin, the Bitcoin price may suddenly rise and these rises will rise to a higher level than 20 thousand dollars in the long run. It is expected to be one of the most helpful reasons.
Decide for yourself
Making your own decision about whether to buy or sell cryptocurrencies is the best decision for yourself, regardless of an analyst. It shows that you can give. If you do not have the self-confidence to be able to sell immediately in a market environment where the Bitcoin price suddenly rises, and the value of Bitcoin, which suddenly starts to lose value and can lose thousands of dollars in a short time when you wait for the analysts to say “what will you say”, Bitcoin may prevent you from making a profit.
Every don’t depend on an analyst no matter how famous they are and learn to follow cryptocurrencies and make your own decisions about your own investments. Remember, Bitcoin is no different than an ordinary gold investment and can be bought or sold by anyone.. However, no one can predict the prices of cryptocurrencies and say “this will be the price for sure”.. Although it is possible for crypto analysts to make some approximate estimates by examining the market data, it is possible to make some approximate predictions about how accurate the proportional figures about the Bitcoin price are, but it is never known what the 100% net Bitcoin price will be in the long run.