Cryptocurrency analyst gives reason why bitcoin will fall in the coming months

Cryptocurrency trader and expert Joe Bargain has predicted the further movement of the bitcoin (BTC) exchange rate. The analyst said that market participants should not be happy about the fact that the value of digital gold has increased from $ 18,000 to $ 21,600 in recent days. According to him, the flagship virtual currency will be volatile in the near future.

Bargain added that due to the economic situation in the world, it is impossible to talk about further growth of the bitcoin rate. The Federal Reserve System (FRS) promotes a tough policy and this cannot but affect both the traditional stock market and the cryptocurrency market. According to him, the value of Cryptocurrencies will be steadily declining in the coming months.

Bargain noted that, according to his long-term forecast, the BTC rate will drop to $ 10,000. The local price bottom will be reached in the spring of 2023. After that, the first cryptocurrency will start trading sideways for a long time. The next halving, which will take place in just 2 years, in the spring and summer of 2024, will have a key impact on the virtual coin’s value.