Analysts, influencers, investors and traders have all had their say – and how it appears that the consensus is that the bitcoin price floor is in.
According to a tweet by Willy Woo, who stated that they “surveyed notable influencers, analysts and traders for their probability that the bottom is in for this bear market” and that the results were almost unanimously in favour that the current bitcoin price floor is in, and that the bear market is over for good.
The analysts have their say on the bitcoin price floor
According to Woo, Mike Novogratz, founder of Galaxy Digital, believes that there is an 85% chance that the bitcoin price bottom is in.
The good news keeps coming, with the analyst Arjun Balaji coming in at 90% certainty that this bear market’s bitcoin price floor has occurred.
The founder of the Kraken cryptocurrency exchange, Jesse Powell has stated that there is a 90% chance the bear market’s over.
Woo himself believes strongly that there is a 95% chance of the bitcoin price bottom having been hit.
Woo surveyed 16 other notable influencers and analysts in one of the largest collections of viewpoints seen on crypto twitter, and the results are positively in favour of the bitcoin price floor being in.
The vast majority believe that there is a 70-90% chance of the bear market being over, while there are of course notable exceptions who believe that bitcoin’s price will drop further.
The bitcoin bears have their say
Lets hope that in this case, the majority rules.