Experts name the reason why bitcoin may drop to $ 15,000

Cryptocurrency analysts have suggested that the high unemployment rate in the United States could cause the flagship cryptocurrency to drop to $ 15,000.

The experts came to this conclusion after the publication of the US employment report, which shows that the disappointingly high unemployment rate indicates that the Federal Reserve will raise interest rates even further. According to analysts, this state of affairs could mean a significant drop in the value of digital assets.

According to Max Hochman, head of the IT department at AlphaTrAI, the value of BTC is closely linked to macroeconomic sentiment in the world, so the unemployment rate in the United States can significantly affect the value of bitcoin. «It is extremely important for the BTC rate to stay above $ 20,000, otherwise, the price of bitcoin may fall to $ 17,500 and below,» Max Hochman shared his opinion.

Apparently, Garrett Soloway, chief strategist at InTheMoneyStocks, would agree with Hochman’s opinion in absentia, as he expects bitcoin to reach $ 12,000. In October 2021, Soloway predicted that the value of BTC would fall to $ 20,000, so it is likely that this year’s forecasts will come true. «Buy a little bit of BTC for $ 21,000, then a little more for $ 18,000, then $ 15,000, and so on, and then wait or act,» Gareth Soloway advised investors.