[Investing.com](https://Investing.com) \- Coinshares Chief Strategy Officer Meltem Demirors says Bitcoin will hit another all-time high in the next 24 months.
​
In an earlier interview, Meltem Demirors said that bitcoin is a “cyclical asset” and that historically, bitcoin has typically fallen between 80% and 90% from its all-time highs to the bottom.
​
Therefore, Demirors said, “Bitcoin has room to fall further,” as it has fallen about 65% from its all-time high set in November of last year.
​
Demirors noted that bitcoin will have a strong support level at $20,000. She does not expect bitcoin to fall below $14,000 and says we could see bitcoin continue to hit new all-time highs within the next 24 months.
​
Demirors said she doesn’t see a “catalyst” for the cryptocurrency to rise in the near future, and that it will take some time for the trend to reverse. She added that “during a bear market, there will be a lot of cryptocurrencies being wiped out.
​
Demirors added that in the long run, most cryptocurrencies will go to zero, and only the strongest ones will survive.
​
In addition, Louis Schoeman, Managing Director of Forex Suggest, also said in a recent report that the current crypto bear market will kill up to 90% of cryptocurrencies.
​
Translated with [www.DeepL.com/Translator](https://www.DeepL.com/Translator) (free version)