Price predictions for Bitcoin have been coming thick and fast recently and some have been more accurate than others. One analyst still predicts a lot more pain for crypto assets and a final capitulation before things start to turn around.<\/p>\n
Prominent technical analyst Murad Mahmudov<\/a>, who has predicted correctly on a number of previous occasions, has taken a look at historical corrections and Bitcoin movements. Theorizing that a repeat of the 2014-2015 bear market could be a sign that Bitcoin trading is based on raw emotion, further losses are predicted.<\/p>\n Looking at the chart, and possible future movements, we could be at the beginning of what Murad describes as a final capitulation. In this rather bleak scenario Bitcoin will dump to a low of $1,800 by mid-Q2 and stay there until around the end of Q3 this year before starting to show signs of recovery.<\/p>\n 1\/ Let's go on a little journey. What if the history does indeed rhyme? pic.twitter.com\/VDSonz68Gw<\/a><\/p>\n — Murad (@MustStopMurad) January 13, 2019<\/a><\/p><\/blockquote>\n\n