Trader exchange Oanda Stephen Innes discussed with representatives of Bloomberg, the situation on the stock market. He also spoke about the fall of Bitcoin in the last couple of weeks. The trader was asked to substantiate his recent forecast about the fall of Bitcoin up to $ 2,500, to whom he was supposed to bargain in the range from 3500 to 6000 dollars.
Cryptosphere akin to the “Wild West” and it is difficult to make predictions. However, if you look at the way coins traded in the last couple of months, it is likely that Bitcoin has not yet reached the bottom.
Calling the current situation on the market of cryptocurrencies “falling knife”, a bearish trader and cryptocratic added that “Mature investors” do not hurry to put orders to buy BTC and altcoins, which means waiting for another right time. Innes also added that he is not related negatively to the blockchain, he just doesn’t like the way coins traded.
Writes Ethereumworldnews, leading Bloomberg asked cryptonatica about significant bearish catalysts and whether the traditional stock markets or hardwork Bitcoin Cash could affect the stock market.
According to Innes, these two factors certainly had a negative impact on the market, however, the main factor is the absence of interest from major players from wall street. Another important factor is the increasingly stringent regulation of the ICO projects from the SEC. Once again noting the lack of Bitcoin the basic characteristics of the savings, he called the idea of Bitcoin as the first global digital currency is overrated.
As a result, Innes still waiting for the coin drop to $ 2,500 in the near future. And for General background information we can conclude that capturadora have not yet reached a consensus on the future direction of the asset price. More data look at cryptodata.
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