The term “crypto winter” was used a lot of times on our DC Forecasts crypto news site, indicating a winter which is really cold and red for the entire market – or basically indicating a situation as the current one, where Bitcoin and the majority of altcoins are dropping to new monthly lows.
According to CEO of Civic, which is a company establishing a secure identity ecosystem, the Bitcoin price is likely to fall under $3,000. The chief executive named Vinny Lingham, cited his “gut feeling” which has been bolstered during his over 3+ experience in this industry.
As cited in Ethereum World News, Lingham said that “things will get nasty” if BTC goes below this margin, noting that in such cases the current “crypto winter” will become a “crypto nuclear winter.”
Even though there is a chance that BTC could hold above $3,300 for some time now, some are more skeptical. In a recent post on Off The Chain, the popular Morgan Creek’s Anthony Pompliano noted that he expects “lower lows in coming months along with a bear market that could persist until Q3 or Q4 of this year.”
Per many analysts, Bitcoin could “break south” for its next stage lower. The market is very immature right now and everything is expected.
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