01 Feb Bitcoin (BTC) Price Could Drop to $2,000 if This Elliott Wave Analysis Is Accurate
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Contents
- A major buying opportunity?
- Waves can be subjective
After an epic monthly close, Bitcoin bulls have every reason to feel complacent. After months of bleeding, BTC seems to be ready for another bull run the upcoming halving just around the corner.
That said, there are traders who remain extremely bearish on BTC despite its uplifting price rally. Elliott Wave practitioner Henrik Zeberg is convinced that the leading cryptocurrency could drop to as low as $2,000 without even reaching $10,000.
#Bitcoin Wave C in 5 waves should bring us down to ~2000 USD. Often trendline set by wave 2 through 4 – gives the bottom of wave 5 (through 3). I will eventually buy #Bitcoin – but not yet…… not yet…..! pic.twitter.com/GDu7RB8Cx2
— Henrik Zeberg (@HenrikZeberg) February 1, 2020
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