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BitBull Capital Sees Bitcoin Falling To $5k

Crypto fund of funds BitBull Capital believes that Bitcoin could fall to $5,000, the firm said in a research note, before recovering. It examines 3 previous periods when BTC lost more than 60% of its value. The note is republished below. "2018 has been tumultuous for Bitcoin. As of today, the King of Crypto has lost over 66% of its value since setting an all-time high of about $20K on Dec 17. Recent “bull runs” have lacked momentum, leading to skittish markets and repeated testing of key support levels. There are many approaches to identifying a bottom for Bitcoin’s price, and each is speculative. Rather than...