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Analyst Who Called Bitcoin’s Brutal Crash to $7,500 Thinks This is Next

From newsbtc.com

It’s not a secret that Bitcoin hasn’t done well over the past few days and weeks; since the weekend’s $9,200 peak, the cryptocurrency has lost nearly 18%, and since the $10,600 peak in February, BTC has shed over 25%. In the process of this brutal move, hundreds of millions worth of leveraged positions have been liquidated. Furthermore, with a harrowing macro outlook and Bitcoin seemingly becoming correlated with the stock market, some have been wondering if BTC could enter back into a bear market. One analyst, in fact, warned of a potential return to $4,000. Despite these fears, many are staying optimistic. In fact, ... (full story)

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  • Category: Technical Analysis