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!”
Soon, the Bitcoin may reach down to $2,000, it may break, sink the currency till $1,800.
The other coins are also in the downtrend with the Bitcoin, whereas other stablecoins such as Ethereum, Ripple, etc, and all top 10 coins are have lost a billion of money in the crypto market.
Tether and Litecoin are trending and seems always green in the whole market. The market may or may not pump high.
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