Bitcoin Price Drops, Analysts Foresee 40% Correction
Bitcoin price drops, Analysts, foresee a 40% correction before 2022. Since Friday the huge wave of short position drops the price to -13%, despite since the beginning of the year Bitcoin price show gains of more than the 200%.
The big rally and the correction just after that warned some investors. The Facebook effect is ending and now the market is frightened from the promise of the Fed, ECB and Financial Stability Board to introduce strict regulation.
In the article “Bubble of Fama” published on the Journal of Financial Economics, signed up from some professors of the Harvard University as Robin Greenwood and Andrei Shleifer, chance to see a drop of 40% on the Bitcoin price ’till 2021 is now more than 80%.
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