Bitcoin price could hit $29K next, warns CNBC ‘Chartmaster’
A simple look back at past BTC price dips means that a 55% correction from all-time highs is on the table, says Carter Worth. Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.”In an appearance on the network’s Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom may be far from in.Pick your average for a Bitcoin price floorAnalyzing recent price activity and comparing it to past Bitcoin bottoms, Worth said that current levels at around $45,000 represent....
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The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current values. CNBC’s ‘Chartmaster’ Carter Worth Envisions Bitcoin Hitting a $29K Low The other day, Bitcoin.com News reported on Plan B’s stock-to-flow bitcoin (BTC) price model and how the model’s creator is still positive about the....
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