RATE Group | Analyst That Called Bitcoin’s Crash to $6,000s Expects Price to Rebound
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Analyst That Called Bitcoin’s Crash to $6,000s Expects Price to Rebound

21 Dec Analyst That Called Bitcoin’s Crash to $6,000s Expects Price to Rebound

Posted at 07:18h in Bitcoin News by

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In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.

Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin was poised to return to $6,700.

Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But Here’s What Might

The analyst, “Dave the Wave” was recently proven correct when late last month, BTC fell from $8,000 to $6,700, validating a call he made over five months earlier.

Although there remain bearish factors in this market, Dave is starting to believe that it’s time for Bitcoin’s uptrend to resume, drawing attention to technical factors to back this optimistic opinion.

Bitcoin Price to Soon Rebound, Prominent Analyst Says

Dave recently noted that his price target’s for the…

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