The last 3 months crypto , especially Bitcoin , have experienced difficult times.
The reason is, the price of Bitcoin continues to experience a significant downward trend until this June.
The fall in the price of Bitcoin and other cryptocurrencies makes people wonder, when will this downward trend end.
In addition, some investors also questioned the "bottom price" or the bottom price of Bitcoin at this "crash" moment.
To answer these questions, several crypto experts have given their predictions about Bitcoin's lowest price and how long it will take for Bitcoin to experience a downward trend.
Potential to Fall Up To USD 11,000
Reporting from Time , the author of Cryptourrecy Investing for Dummies, Kiana Danial said that the price of Bitcoin can reach USD 11,000 per chip.
Kiana Danial's prediction is based on an analysis of the crypto market which is in the midst of a bearish sentiment cycle as investors retreat from risky assets.
Several factors that drive negative sentiment in the stock and crypto markets include inflation, a shaky stock market, rising interest rates, and fears of an economic recession.
Kiana Danial said that crypto could continue to fall if the faltering macro environment does not improve in the near term.
If the predictions are correct, Bitcoin will be the lowest since August 2020.
Meanwhile, the founder of the Delta Blockchain Fund, Kavita Gupta, projects that the bottom price of Bitcoin could reach USD 14,000 per chip.
Just like Kiana, Kavita said that the fall in the price of Bitcoin was caused by investor concerns about a potential recession and eventually liquidating risky assets.
In addition, the recent collapse of the Luna and TerraUSD ecosystems also made Celsius stop withdrawals and eroded trust in the crypto space.
Kavita Gupta predicts there will be more collapses in the crypto space in the coming months
However, investing in cryptocurrencies in times of war and economic hardship is very risky.
However, if investors have a fairly good macro market analysis, investors can reap a lot by taking advantage of moments like this.
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