Cryptocurrency expert predicts bitcoin’s collapse to $ 13,900 due to war in Ukraine

A cryptocurrency analyst known on Twitter as Rekt shared his own forecast for the value of BTC $74,431.70 Mezo Wrapped BTC -1.73% Market capitalization $99.64 million VOL. 24 hours $0.9 billion with his followers, and he is convinced that the flagship cryptocurrency is close to reaching the bottom. According to Rekt, bitcoin will drop to $ 13,900 and then continue to grow.

The Russian-Ukrainian war, the collapse of Terraform Labs, Three Arrows Capital, and FTX contributed to the current decline in the entire crypto market, Rekt believes. «After bitcoin drops to $ 13,900, it will recover 80% from its previous high of $ 69,000,» the analyst suggested.

A similar view is shared by @CryptoCapo_, who published a forecast of the value of major cryptocurrencies on November 10. Ethereum is expected to fall to the range of $ 700 to $ 750, and bitcoin to $ 13,000, Capo said. The trader also predicted new lows for Cardano (ADA) — $ 0.18 to $ 0.23, for Litecoin (LTC) — $ 29 to $ 32, and for Polkadot (DOT) — $ 3.40 to $ 3.60. Capo’s March prediction of a 50% drop in the flagship cryptocurrency has come true, so the crypto community has reason to believe the expert’s current forecasts.