Bitcoin Price May Crash to $8,000

After last week’s thrashing, cryptocurrency investors probably don’t want to hear any more discouraging words.

Unfortunately, one stock analyst believes that bitcoin could hit fall even lower than it has recently.

‘A Lot More Room to the Downside’

“When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive,” said Guggenheim Chief Investment Officer Scott Minerd.

Read More: Bitcoin Price May Crash to $8,000

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