Bloomberg Intelligence: Bitcoin Price Could Fall as Low As $1,500 – Siamak Masnavi


Bitcoin’s no longer boring,” Bloomberg declared on 16 November 2018, at the end of a week that saw Bitcoin mostly lose its recent image as a “stablecoin” as the result of a dramatic drop in price on November 14th, the day before Bitcoin Cash’s hard fork. Analysts at Bloomberg Intelligence, Bloomberg’s research arm on the Bloomberg Terminal, “predict the price could fall to $1,500,” which suggests that the Bitcoin price could fall more than 73% from its current level (at press time, according to data from CryptoCompare, Bitcoin is trading at $5,593, up 0.81% in the past 24-hour period)………………

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