Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Analysts have announced
Analytics

Analysts have announced a possible collapse of the stock market and bitcoin

23.05.2020
2 min read

Analysts said that stock market indexes will continue to fall

In March this year, there was a large-scale fall in quotations on the US stock market, which was caused by the coronavirus pandemic. After a while, the S&P 500 showed short-term growth, but analysts said that this trend may lead to a new collapse.
Bank of America experts studied how one of the major stock market indexes behaved during the past economic crises, and also made a forecast of how the cost of bitcoin will change and whether it will fall to $6,200.
According to the analysis, a new decline of the S&P 500 is possible, and in the worst-case scenario it will be a new historic fall. Experts have come to such a result after studying quotes fluctuations in other crises: 1987, collapse in 2002 and 2008.
Growth in the value of S&P 500 shares on the bear market is similar to the dynamics observed in 2008. Experts suppose that the increase in quotations will take place until there is a reversal, which will lead to a collapse of the indexes. For example, in the past crises, the S&P 500 showed 15-25% growth after the decline, but after a rather short time the stock price dropped again. If this forecast comes true, the index will start decreasing from 2960 points.

Analysts have announced

The results of the expert study coincide with those of the technical analysis. Howard Hughes, an expert from Cointelegraph, says that the index indicators, reaching 2930 points, show fluctuations. And it is at this level that the Fibonacci correlation level of 61.8% was formed. In case the S&P 500 fails to rise above these figures, then the market recovery will take a long time and will be quite difficult. Now the index is fixed at 2736 points, the minimum value was on March 23 – then the S&P 500 dropped to 2237 points.
Cryptocurrency has recently shown an increasing dependence on the stock market. The value of digital money has become cheaper and more expensive with fluctuations in stock prices. The Bitcoin rate was also affected by the situation in February-March, when major indexes collapsed. Experts call the reason for this correlation the attempts to invest in bitcoin to compensate for losses of investments in traditional assets. Another factor was the fluctuations of the dollar, which is considered one of the safest currencies. Therefore, people convert assets into dollars, strengthening its position against Bitcoin.
According to analysts, the crypt may fall in price even without fluctuations in the stock market. This scenario is real, if Bitcoin can not rise above 6900 dollars and fix the indicator.

Tags: Analytics
0
Previous Post Deposit rates in Russia are losing their relevance as an option to generate income Next Post The London Stock Exchange has announced the acquisition of Refinitiv

You Might Also Like

the best currency for savings
Analytics
BKS Broker: the best currency for savings
28.02.2021
Sberbank analyst
Analytics
Sberbank analyst: what awaits the ruble exchange rate in the near future
07.08.2021
Chaslau Koniukh
Analytics
Chaslau Koniukh: Global market shares show good growth
06.10.2020
long-term bonds
Analytics
How attractive are long-term bonds: the opinion of analysts
28.07.2021
Analytics
Investors demand for the dollar drops: overview from Chaslau Koniukh
05.11.2020
Expert Chaslau Koniukh
Analytics
Analyst Chaslau Koniukh: Chinese digital yuan threatens dollar
18.07.2020

Leave A Comment Cancel reply

Your email address will not be published or shared. Required fields are marked * . This comment form is not active and is only used for the theme live preview. No user data is being send nor it is stored with us.

Recent Posts

  • 1DoorDash
    How DoorDash food delivery service succeeded in the U.S. market
    29.06.2022
  • 2Performance marketing-1
    What you need to know about performance marketing: its trends
    28.06.2022
  • 3Counterparty risk definition
    Counterparty risk: when it is important to measure its level
    27.06.2022
  • 4Inflation in Europe
    Inflation in Europe to outpace that in the US: analysts forecast
    26.06.2022
  • 5OpenSea NFT platform
    OpenSea’s NFT platform hits the $13.3 billion mark
    25.06.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • How China’s economic recovery is going: a review of the processes

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

billionaire John DeJoria
John DeJoria: from a homeless man to a billionaire
30.06.2022
DoorDash
How DoorDash food delivery service succeeded in the U.S. market
29.06.2022
Performance marketing-1
What you need to know about performance marketing: its trends
28.06.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • How China’s economic recovery is going: a review of the processes
  • Swing trading: essence of the strategy and its benefits
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics