How Much Further Will Bitcoin Price Drop From Here?

The value of most altcoins, including the Bitcoin price, has experienced significant fluctuations recently. To assess how long the decline may take, we can take a look at the latest price predictions and external factors affecting the current state of the crypto market.

How much lower can Bitcoin price go?

Predicting the price of Bitcoin is quite difficult due to its complex nature and the influence of multiple factors. At this point, it may be useful to take a look at the expectations of analysts. Many experts predict that the Bitcoin price may recover based on historical patterns. Some of these are key factors that contributed to previous bull runs.

External factors affecting bitcoin price

There are multiple external factors affecting the Bitcoin price. Some of those:

1. Market sentiment: The overall sentiment in the market significantly affects the price of Bitcoin. Factors such as global economic stability, regulatory developments, and people’s perception of cryptocurrencies affect investor sentiment, leading to price fluctuations.
2. Regulatory environment: Governments and regulatory bodies around the world are grappling with how to approach cryptocurrencies. Increased regulatory scrutiny, changes in legislation, or pressures on crypto-related activities can create uncertainty. This affects prices negatively.

1. Market manipulation: The crypto market is susceptible to manipulation due to its relatively small size and limited liquidity. Activities such as pump and dump schemes, coordinated trading, and price manipulation by major shareholders can artificially affect the price of Bitcoin.
2. Institutional adoption: Institutional adoption of cryptocurrencies, especially Bitcoin, has increased significantly in recent years. Positive developments such as large companies accepting Bitcoin as a means of payment and institutional investors entering the market are likely to contribute to the appreciation of prices in the long run.
3. Global economic factors: Economic events and trends, such as inflation, currency devaluation, and geopolitical uncertainties, may direct investors to alternative assets such as Bitcoin as a hedge against traditional financial instruments. These factors influence Bitcoin’s price action both positively and negatively.

Determining whether the current market situation will cause the Bitcoin price to continue falling is a complex task. The extreme volatility of the cryptocurrency market makes it difficult to make accurate predictions. While some analysts predict further price declines in the short term, others expect a potential rebound based on historical patterns and key factors that have previously driven Bitcoin’s bull runs.

For example, veteran crypto analyst Peter Brandt recently issued a stern warning.

More drops await Bitcoin, according to Peter Brandt

In terms of price predictions, veteran crypto analyst Peter Brandt gave some serious caveats in his latest analysis. The market analyst says that Bitcoin’s movements in the $25,000 region are now resolved. In his most recent analysis, he supported the bearish expectation with Bitcoin’s relationship to the moving average.

However, Peter Brandt is not the only analyst to hold this view. As we have quoted as Kriptokoin.com, more than one analyst has made a statement in this direction recently.