BITCOIN COULD EASILY BOTTOM AT $2500, CLAIMS ANALYST

Various analysts and experts have weighed in on Bitcoin’s current woes, providing their opinions on what the future holds for the first and foremost cryptocurrency.
Luis Carranza, the founder of London Fintech Week, who told Express.co.uk that — despite reaching yearly lows — there are still plenty of reasons to remain bullish in the long term.
" Crypto is unpredictable. There are massive spikes and drops. $4500 could be the bottom, but there is nothing preventing $2500 from being the bottom. Likewise, as crypto becomes more mainstream the price tends to rise. Even if the price drops to $1000 there’s nothing preventing another surge to $14,000."
" for Carranza, the cryptocurrency market’s current woes are mostly the result of necessary growing pains as the industry matures from stupid money to more intelligent money. "

Gavin Pannu, MSTA, Market Analyst and Trading Mentor at London Academy of Trading (LAT), agrees that regulation is ultimately the key to sparking another bull run in the broader cryptocurrency market.
"Bitcoin volatility is now at its lowest level from a year ago, but a comparison of a bubble-like asset, which had a significant rise compared to the aftermath of a large correction, does not necessarily mean this is the bottom. Cryptocurrencies are still an emerging asset class which requires important steps to be taken for it to become mainstream, and begin the next move higher. This has become a concern for investors with the price of Bitcoin over a one month period losing 19.88 percent in value. It is important to consider investing with good risk management and, as they say, not to bet your house on this investment."
What are your thoughts on the price of Bitcoin? Do you think it will fall down to $2,500? Let us know in the comments below!