Analyst Who Predicted Bitcoin’s 2018 Lows Says Another Drop Is Likely
Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]
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Bitcoin could undergo a strong correction in the weeks ahead as it forms a bearish short-term to medium-term outlook. This is compounded by a futures market positioning “overhang” noted by JP Morgan analysts. Historically Accurate Analyst Fears a Strong Bitcoin Drop Bitcoin could undergo a strong drop towards $10,000 once again, says the trader who in the middle of 2018 predicted the bottom price to a 1.5% accuracy. The analyst noted that the cryptocurrency is […]
In March, few expected Bitcoin to be in the place that it currently is in. The coin is up over 200% since the lows of March, showing that the crypto market is far from dead. Back at the lows, there were some that feared that cryptocurrencies wouldn’t be around for much longer. Bitcoin’s ongoing rally was predicted by some analysts, though. One such analyst predicted the cryptocurrency would retest $10,000 by May, just months after […]
Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again. Bitcoin Bottom Is Likely At The $40,000 Range Altcoin Sherpa mentioned in an X (formerly Twitter) post that Bitcoin is more likely to find its bottom at the $40,000 range rather than at 50,000. He noted that this would mean a “few more nasty wicks, a few more liquidations, and....
Bitcoin has exploded higher in the past week, moving as high as $15,975. The coin currently trades for $15,600. Though, analysts think that the cryptocurrency could drop toward $15,000. One such analyst that called this is the same one that predicted Bitcoin’s V-shaped reversal in March. Bitcoin Could Retrace Toward $15,000, Analysts Say Bitcoin has exploded higher in the past week. Since the weekly lows of $13,300 that was triggered due to the election, the […]
In a tweet two days ago, Bluntz predicted that ETH is only a 10% drop away from stabilizing. The Crypto trader is famous for accurately predicting Bitcoin’s 2018 bear market. More popular as the “smart contracter,” the strategist explained that he had been closely tracking ETH price charts since August. “Ethereum is in the final stages of its current bearish run and will swing upward soon,” he assured his 211,000 followers. Once the token corrects its course, investors can then get ready to take up long-term positions, the tweet explained. Related Reading: XRP Sluggish In Last 7 Days As....