On the morning of July 11, Bitcoin moved to a fall, and Wall Street analysts expect a decline to $ 1
May and June cannot be called good months for the cryptocurrency market. Experts note that nothing like this has happened in the last 11 years, and the fall turned out to be so deafening that at the moment most investors have lost confidence in digital assets. Today, the market lives at the expense of traders and speculators trying to make money by forecasting the exchange rate and short rates. Exchanges are also extending a helping hand. According to statistics for May and June, farmers sold all the coins earned during this period, which indicates an urgent need for cash injections. Large companies are credited, and many of them need to give tens or even hundreds of millions of dollars this year. Read about it in our material.
According to analysts at MLIV Pulse, there are several options for the development of events for the next six months. 40% of Wall Street investors believe that the market is waiting for a rise. It seems to them that the bulls will be able to reverse the situation, which will lead to a rise in the price of Bitcoin to $ 30,000 by the end of 2022. Keep in mind that this is an optimistic forecast, but in reality, even if digital gold does reach $ 30,000, it is difficult to call it a victory. About 60% of Wall Street investors do not plan to invest in cryptocurrencies and are confident that Bitcoin will soon fall to $ 10,000. The reasons why this will happen, we will analyze below, but it is impossible not to point out a considerable group of doubters who are on both sides of the barricades. The thing is that many investors believe that digital gold can remain in its current positions at all. The reason is that the big players will not allow Bitcoin to collapse below $ 20,000, but there are simply no fundamental reasons for the rise in price.
At the same time, the main part sided with the bears and does not plan to pour their money into questionable assets. There are several reasons for this, so let's start with the most obvious one: inflation in the United States. The other day, representatives of the Fed again expressed concern about the volatility of bitcoin. According to them, the collapse of digital gold does not pose a real threat to the country's economy, but all this can negatively affect ordinary citizens who have invested all their money in digital assets. It is obvious that the purchasing power of millions will decrease dramatically if cryptocurrencies finally disappear. That is why it is proposed to introduce strict regulation to take the industry under control. Special attention should be paid to stablecoins. Today, they are perceived as a safe haven, while many analysts do not believe in the ability of some of these assets to resist the general trend of market decline.
Well, do not forget about secondary factors. Analysts write that people are tired of cryptocurrencies. The topic no longer causes increased attention in the press, and after a number of scandals with fraudulent tokens, there are not so many people who want to pour money into dog cryptocurrencies. Do not forget that compared to Ether and Bitcoin, these assets are much easier to use as a tool for paying for certain goods, but the instability of the exchange rate makes investing in the same Dogecoin even more risky than in traditional assets. Add to this the millions of people who have already lost their money while investing. In the spring and autumn of 2021, cryptocurrencies were extremely popular, and the price of most was at 3-4 times higher. This means that investors from among ordinary citizens of the United States, Europe and other countries lost $6,000 for every $10,000 of investment.
Well, today Bitcoin has gone down. The chart shows that digital gold has moved to a fall. The weekly schedule is still a plus, but the daily indicators look depressing. If the fall continues today and tomorrow, then soon all the achievements of the past week will be destroyed. Wall Street investors prefer to stay away from specific dates, so we don't even have hints on when to expect a drop to $10,000 or a rise to $30,000.
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