Key facts
- Wolfe Research predicts Bitcoin will fall below $40,000.
- The price drop is expected by the end of October.
Wolfe Research has issued a forecast predicting a substantial decline in the value of Bitcoin. The firm anticipates that the cryptocurrency's price will fall below the $40,000 mark by the conclusion of October. This projection indicates a bearish outlook for Bitcoin in the near term, suggesting potential market pressures or a shift in investor sentiment that could lead to a significant price correction.