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Daring analyst calls Bitcoin crash to $2.4k soon

From bitcoinist.com

This claim of a possible major drop comes from The Moon who has tweeted: He bases his argument on the four hour price chart, which clearly indicates a bear flag, yet does not necessarily coincide with other timelines. It is worth noting, however, that The Moon also successfully predicted the price drop which took place on March 12th. Given the heightened volatility over the past few weeks, Bitcoin analysts have come out with a range of predictions. It is thus difficult to know which data is most telling of the market’s next moves. The most basic indicators signal continued price swings in the short term, yet a ... (full story)

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  • Category: Technical Analysis