Crypto Winter Is Coming, Warns Consultants

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© Reuters. Crypto Winter Is Coming, Warns Experts

Experts from JPMorgan (NYSE:) and DailyFX say crypto winter is here.
However, other experts say the market has already bottomed out.
Also, there is a rising inflow into stablecoins according to recent reports.

Experts from JPMorgan and DailyFX are claiming that we are in a crypto winter. However, other experts like John Bollinger disagree. The Bollinger Band technical indicator creator believes BTC has already bottomed out at $30,000.

reached the all-time high of $64,804.72 back in April. However, the top crypto has since fallen by almost 50% to $33,039.01 at the time of writing. Bitcoin is actually up 1.5% in the last 24 hours after testing the $30,000 resistance level. Although the top crypto seems to be rebounding, experts believe that things could get worse.

To make matters worse, the dr…

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