The economist and analyst of the Consulting company Cane Island Alternate Advisors said that the probability of growth in the first cryptocurrency has fallen from 75%to 25%, and the probability of a decrease to $ 70,000, on the contrary, increased to 75%.

According to Timothy Peterson, Bitcoin will provoke a trade war initiated by US President Donald Trump:

“In just two days, the situation has completely changed, and bitcoin can return to the historical maximum of 2021, that is, to $ 70,000. The mood of investors in relation to high -risk assets worsen.”

The analyst presented a diagram that allows you to compare the bear’s bearings in the Bitcoin market since 2015. It includes Peterson Lowest Price Forward (LPF) – a tool for determining the long -term bottom of the price of the first cryptocurrency. According to the analyst, the diagram provides the market participants based on these expectations: what can happen with bitcoin quotes and what level of support will be key to him.

Investors are alarming, and traders try to protect themselves from further shocks on the crypto, shows the diagram. The negative news background and global uncertainty form an adverse environment for cryptocurrency, the expert explained.

Earlier experts of the American investment bank JPMorgan They saidthat bitcoin loses the status of “digital gold”. Reasons: excessive volatility and increasing connection with the shares market.