The head of Genesis Trading, Michael Moro, in a conversation with CNBC, expressed the opinion that the fall in the price of BTC would stop at around $3,000.
His arguments is that the price has already tested the $4000 mark almost unchecked several times in the past few days. According to him, there will be no serious obstacles on the way to $ 3000.
Also, the analyst advised to be cautious to those who are going to increase their positions “on the bottoms”. At the same time, he is sure, long-term investors are set to hold their current positions and are counting on price recovery.