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📈 Price Predictions
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BTC Price Prediction: Dump to $3,800 Seems to Be Inevitable. Are Bulls Giving Up?

BTC Price Prediction: Dump to $3,800 Seems to Be Inevitable. Are Bulls Giving Up?
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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We continue keeping an eye on Bitcoin and watch its volatility drawing it further from $4,000. Crypto enthusiasts and traders still hope bulls will come and save the situation, but many Internet users come up with somewhat pessimistic Bitcoin price predictions. What do Twitter users think about short-term BTC cost perspectives? Let’s read Bitcoin price analyses and try to foresee the next steps of the world’s most popular cryptocurrency.

Volatility is increasing

Looking at the 4-hour BTC price chart we can see that it’s gaining volatility and, unfortunately, only continues falling. Yet, there is good news: we can find buying support at the $3,860-80 area. It might be the right time for buying some BTC and waiting.

It’s only the beginning of the dump

Many crypto experts are sure that $3,800 won’t be the lowest low on Bitcoin’s way down. We have already mentioned that it might even fall to $3,600 in a pretty short term. Check out the current areas of interest:

And that seems to be a viable Bitcoin price prediction. Bitcoin traders have been waiting for bulls for long, but there’s no support yet:

BTC is testing the support line

Here’s another piece of proof that Bitcoin is very likely to touch the $3,800 mark soon:

Seems like right now, Bitcoin is a risky investment – we have something to lose.

What about long-term BTC perspectives?

If we look at Bitcoin price paths in 2015 and 2018-2019, they appear to be looking exactly the same! Will BTC repeat its history, or it will go off the beaten track?

 

Anyway, it means March could be a dark period for Bitcoin, and it’s doomed to fall.

No matter what happens, remember that falls are followed by rises. Even if BTC touches $3,800 support zones and fails to gain traction, you’ll have one more chance to invest.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📰 News
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Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details

  • Alex Dovbnya
    📰 News

    The February court hearing is expected to put an end to the legal battle between Telegram and the SEC by determining whether Grams are securities

Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details
Cover image via www.123rf.com

Telegram will ask the court rule against classifying their Gram tokens as securities during the upcoming February hearing, according to a letter to TON investors that was obtained by U.Today. 

As reported by U.Today, Telegram was slated to voice its arguments against the US Securities and Exchange Commission (SEC) on Oct. 24. However, a new court filing shows that the hearing has been postponed to Feb. 18-19, 2020.

IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute “Grams” toany person or entity, until the conclusion of the hearing scheduled by the Court for February 18and 19, 2020 (“Hearing”), except upon further order of the Court or agreement of the parties.

The Telegram team states that the hearing that is scheduled to take place in February is fundamentally different from the one that was supposed to happen in October. Telegram expected the court to put an end to the ongoing dispute by ruling on the "core arguments" that their Gram token is not a security. 

The October 24 hearing, in contrast, was only to consider whether a delay should have been mandated, without conclusively resolving the core argument. 

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On Oct. 17, Telegram filed a response to the SEC where it states that its native token "will merely be a currency or a commodity." One day later, the regulatory watchdog asked the court not to reject its request for a preliminary injunction against the Pavel Durov-helmed company, adding that its argument about Grams not being securities wasn't convincing.

Telegram will make sure that its position is presented "as strongly as possible" during the forthcoming hearing. 

The Telegram Open Network (TON) was scheduled to go live by Oct. 31 (otherwise, Telegram would have to return money to its investors). However, the SEC sued the messaging giant for allegedly running an unregistered ICO, which forced the company to delay the launch of its network to Apr. 30, 2020 while trying to cut a deal with its investors. 

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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