Cryptocurrency analyst warns users of a 50% drop in bitcoin in the near future

According to cryptocurrency analyst Altcoin Sherpa, the basic period for bitcoin to reach the $ 30,000 mark is 4−6 weeks, but after that, the flagship cryptocurrency may fall by 50%.

At the time of writing, the value of BTC is $ 25,113, and the token has managed to grow by 15.5% over the past 7 days.

«I think that after reaching $ 30,000, BTC will trade much lower. Maybe it will be $ 15,000, maybe $ 17,000,» the analyst said in his new YouTube video.

Another analyst, Michael van de Poppe, founder of the Eight trading company, is also convinced that bitcoin is going to fall. According to Poppe, BTC could fall to $ 19,700. However, the expert believes that if bitcoin successfully returns to $ 25,000 after the next drop, the digital asset will eventually rise to $ 31,000. The next step for the flagship cryptocurrency will be $ 35,000 and, ultimately, the final stage will be $ 40,000.