Meltem Demirors, director of strategy at CoinShares, has predicted that the price of BTC may continue to fall, but will reach another all-time high in the next 24 months.
According to her, BTC has always been a “cyclical asset” with drawdowns from peak to low in the range of 80-90%.
She has said that with current digital gold prices about 65% below the November 2021 all-time high, “there is still room for some correction.”
At the same time, she does not expect the asset’s price to fall below $14,000, which indicates a strong support level at $20,000. Demirors has said:
“In the next 24 months, we will see new all-time highs for Bitcoin.”
However, the reversal of the price trend will occur after some time, since “no growth catalysts” are yet visible.