BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high
The precious metal is stealing the limelight as Bitcoin languishes under $40,000 after the Easter weekend. Bitcoin (BTC) is in line for a relief bounce but still risks dropping all the way to $30,000 before May, a new analysis warned on April 18.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$30,000 dive is April "risk"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $39,000 on April 18 as bearish prognoses for the pair mounted.After losing $40,000 support overnight into April 18, Bitcoin faced thin liquidity in the absence of United States and....
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Veteran trader Peter Brandt has warned that bitcoin’s price corrections have taken many months in the past and it may take some time for the price of the cryptocurrency to hit another all-time high. He criticized bitcoin’s proponents for constantly hyping the crypto regardless of the price.
Peter Brandt Warns It May Take Some Time for Another Bitcoin Peak
Veteran trader Peter Brandt cautioned investors Thursday that it could take some time for the price of bitcoin to reach another all-time high.
Brandt has been a futures and FX career trader since....
Gold bug Peter Schiff has revised his bitcoin prediction after the price of the cryptocurrency exceeded his expectations, reaching an all-time high above the $50K level. He now says, “I must admit that a move up to $100,000 can’t be ruled out.” Nonetheless, the long-term bitcoin skeptic warns that the price can also drop to zero and one should buy gold instead. Peter Schiff Now Predicts Bitcoin Can Reach $100K Euro Pacific Capital CEO and host of the Schiff Radio show, Peter Schiff, was mocked by the bitcoin community on Tuesday after the price of bitcoin crossed the $50K....
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets – who has for sure seen a thing or two in his career – now be forewarning […]
But over the past few weeks, and ever since April really, the U.S. dollar has been in a steep decline. Many in the cryptocurrency space and in the broader investment world see this as a win for alternative currencies such as gold and even Bitcoin. CNBC Runs Segment About Dollar Drop, Effect on Bitcoin While all eyes have been on Bitcoin over recent weeks, more and more investors in the space are taking notice of […]
Bitcoin’s bull run could very well be here, but with the pandemic and the coming election, there’s so much risk in the air. However, one crypto trader says that they’d be more “scared” going to sleep at night without holding spot BTC at this point, than not. Here’s why the crypto trader claims that it’s […]