Analyst Says Bitcoin Bear Market Has Started, Predicts 50% Crash To $61,000
After hitting its $124,000 all-time high back in July, the Bitcoin price has now moved back into a phase of struggling and consolidation. While many have called this out as only a temporary stop, expecting the Bitcoin price to continue its ascent once the decline is over, crypto analyst EXCAVO has taken a more bearish outlook. According to the analyst, the current market trend actually points to the end of the bull market and the beginning of the next bear market. Why The Bitcoin Price Will Crash In the analysis, EXCAVO outlined why they believe that the Bitcoin bear market was actually....
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The latest Bitcoin (BTC) price crash has brought renewed focus to alarming forecasts, including one from pseudonymous crypto market expert Symbiote. After exiting his BTC positions at $102,000, the analyst is now predicting a potential crash to $40,000. His bearish outlook comes as the leading cryptocurrency continues to weaken, recently falling below $85,000. A $40,000 […]
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