Coinshares predicted a new maximum of bitcoin for two years

The price of the first cryptocurrency may continue to fall, but will reach the next historical maximum in the next 24 months, says CoinShares Director Melm Demirors.

She recalled that Bitcoin has always been a “cyclic asset” with fractures from peak to a minimum within 80-90%.

Since the current digital gold quotes are approximately 65% ​​lower than a record level recorded in November 2021, “there is still a place for some correction,” Demirors said.

At the same time, it does not expect a drop in the course below $ 14,000, pointing to a strong support level of $ 20,000.

“In the next 24 months we will see the new historical maximums of Bitcoin,” Demirors said.

However, the reversal of the price trend will occur after some time, since “no growth catalysts,” the expert said yet.

In her opinion, in the conditions of the current bear market, a large number of cryptocurrencies will actually cease to exist.

“There is a long train of cryptoactives that, I think, will fall to zero, since they have no long -term prospects. We saw a similar process in the shares of technological companies, ”Demirors said.

Earlier, the head of Galaxy Digital Mike Novograts predicted that the recession in the cryptocurrency market will last another 18 months. He also does not expect a Bitcoin fall below $ 14,000.

According to the Bloomberg survey, most investors consider it more likely to reduce the price of the first cryptocurrency to $ 10,000 than a return to the https://gagarin.news/ marks of about $ 30,000.

Recall that in 2021 Demirors predicted the growth of bitcoin to $ 100,000 according to its results.

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