In the opinion of the BTCC co-founder Bobby Lee, bitcoin price will bottom out at $2500 in January 2019, but based on the responses to the survey, many traders and investors believe this forecast is somewhat optimistic.
“Reaching a historical high of $1200 in December 2013, for the next 13 months, the bitcoin fell more than 87%, feeling the bottom for $150 in January 2015. It was the lowest point. Now, starting from the historical high of $20 000 in December 2017, 87% will receive us $2500. Maybe the bottom will be in January 2019?” — posted by Bobby Lee over the weekend.
From then all-time high of USD $1,200 in Dec 2013, for the next 13 months, #Bitcoin went down by over 87% to bottom out at just $150 in Jan 2015. Rock bottom! #AllHopeLost?
Now from Dec 2017 high of $20,000, going down 87% would take it to $2,500. So maybe bottom out in Jan 2019? 🤔
— Bobby Lee (@bobbyclee) December 7, 2018
His tweet he accompanied the survey, which has involved more than 4,500 people. However, this forecast was accepted only 28% of respondents. 39% of users believe that bitcoin will fall below $2500, another 20% said that the bottom will really be in January 2019, but it will not be $2500. 13% of respondents agreed with the level of $2500, but I do not agree that this will happen next month.
Commenting on the results of the vote, Bobby Lee later wrote:
“Obviously, many voters believe that this bear market bitcoin drops below $2500. I’ll be very surprised if it ever drops to $2000. I suspect that at the levels of $3000 and $2500 will be a very strong support and a lot of buy orders. We’ll see.”
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! https://t.co/M8ljIVnt73
— Bobby Lee (@bobbyclee) December 8, 2018
Recall that back in August, Bobby Lee said that in the coming years, the price of bitcoin will win $60 000, with capitalization of the first cryptocurrency to reach $1 trillion.
Earlier that bitcoin could fall to $2000, said the head of the exchange BitMEX, Arthur Hayes. And as recently as last week, Bloomberg analyst Mike Machlan assumed the worst for the first cryptocurrencies are still ahead, adding that its price could drop to $1,500.
At the time of publication on Monday weighted average rate of bitcoin stood at about $3560, rising over the last 24 hours by 2%. Note also, the index of dominance BTC rose to 55%.
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