In our previous analyst retrospective, Copper made some price assessments for cryptocurrency markets. A series of events derailed Copper’s price estimation for Bitcoin on the higher bound, but met the lower bound range.

A flash crash from $52,000, a China debt crisis that rippled through global markets, and a China cryptocurrency ban all made their mark quite visibly in a difficult month for cryptocurrencies.

Fundamentally speaking, however, Copper still sees market strength moving forward (barring other unfavourable events) as supply continues to dwindle across spot and derivative markets.

DISCLAIMER

THE INFORMATION CONTAINED WITHIN THIS PRESENTATION IS FOR PROFESSIONAL INVESTORS, REGULATED FINANCIAL ADVISERS AND THEIR INVESTORS ONLY. ALL INVESTMENT IS SUBJECT TO RISK. THE VALUE OF DIGITAL ASSETS MAY GO DOWN.