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Short seller predicts Bitcoin will crash to $28k in 2025
Cryptocurrency traders are often known to be perma-bulls who always predict that its price is on the precipice of a major breakout, but as with most assets, some prefer to hold a bearish outlook despite what the fundamentals say, and according to one analyst, Bitcoin (BTC) will soon find itself back in the depths of a crypto winter. “Bitcoin is heading for a massive bear market in 2024/2025!” warned TradingView analyst Xanrox. “ If you are new to crypto, you may miss information about usual Bitcoin volatility; precisely, Bitcoin crashes by 80% - 90% every 3rd year.” As for the reasoning behind his bearish ... (full story)
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- Posted: Sep 11, 2024 7:51pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 110
