According to Tyler Jenks, the president of Lucid Investments, bitcoin could fall back to $4,200 in the near future and may eventually drop to $1,000. He said: I have not commented on Bitcoin since we broke up through the $4,000-4,200 resistance zone. I believe we are headed back down to that zone and it will not hold. New lows coming. Target of $1,000 unchanged. The prediction of Jenks was released as the bitcoin price showed signs of a retracement on April 11. In the last 24 hours, the bitcoin price dropped from its 2019 high at over $5,400 to briefly
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