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Bitcoin kickstarted trading today in the green, opening at £2,960.82 ($3,788.13) per token, according to crypto tracker CoinDesk. The digital currency is now exchanging hands for £3,199.05 ($4,092.93) at 12.57pm GMT (UTC) – an 11.18 percent gain on the last 24 hours. But the upswing comes after a dire weekend of bearish drawbacks and sell-offs which plunged bitcoin to its lowest point in more than a year. On Sunday, November 25, BTC traded as low as £2,817.03 ($3,604.16), plummeting through the £3,126.42 ($4,000) support level the night below.

A number of crypto experts have now warned they think the downside movements are a sign of the cryptocurrency’s instability. Dr Ben Laker from the Henley Business School claimed there is no inherent value behind the virtual token to supports its prices. He said: “Bitcoin’s price is free-falling as its bear market deepens, so what does all of this mean for the wider industry? “The previous bear market was sizeable – this, unfortunately, indicates more months of pain. READ MORE: Bitcoin price news: Bitcoin SOARS above $4k - set for BIGGEST daily jump in 4 months TODAY

Bitcoin price: Some crypto analysts fear a certain doom for Bitcoin

Contributing to the fall are frequent bottom calls coming daily from experts and even novices. “I’m certain there’s more pain to be felt – no one knows for certain when the bear market will quit and the next bull run will begin, if ever. My bet, the latter. “Want some advice? Sell and run. There is nothing of value to be seen here, there never was.” And Clem Chambers, CEO of Online Blockchain plc, expressed his opinion BTC is headed for another major downturn well below its current support level.

Mr Chambers said: "DCB used to stand for 'dead cat bounce': a situation where a share has fallen heavily and then rallies.

I’m certain there’s more pain to be felt Dr Ben Laker, Henley Business School

“The idea being that even a dead cat will bounce if dropped from high enough. “This morning’s move is a 'DCB' but in this case is a 'dead crypto bounce'." The crypto expert said recovery is a distant possibility but the more likely scenario suggests another plunge down to £1,563.21 ($2,000) per token. READ MORE: Bitcoin price: Expert reveals what bitcoin's SURVIVAL hinges on after slump

Bitcoin price: BTC prices bounced back today after a big slump over the weekend

Bitcoin price charts: All the leasing cryptocurrencies are in the green today