Bearish Sentiment Pervades Among Bitcoin Analysts

April 6, 2018 • Filed in: wordpress

Three months since the peak of bitcoin’s meteoric multi-year bull trend, many analysts are predicting a bearish outlook for the BTC markets. Prominent Chinese trader, Zhao Dong, has described bitcoin as exhibiting four-year market cycles that resemble the seasons in a year, forecasting that the “winter” of cryptocurrency will set-in during 2019. Harvard professor, Kenneth Rogoff, recently predicted that bitcoin’s price will be a “tiny fraction” of its current value in “10 years.” Finder.com.au’s most recent survey has seen its end of year BTC price forecast by revised by over 25% – now estimating that bitcoin will be approximately $21,500 USD by January 2019.

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