RATE Group | Scarily Accurate Analyst Gives 4 Reasons Why Bitcoin Price Won’t Crash at $8,500
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Scarily Accurate Analyst Gives 4 Reasons Why Bitcoin Price Won’t Crash at $8,500

26 Jan Scarily Accurate Analyst Gives 4 Reasons Why Bitcoin Price Won’t Crash at $8,500

Posted at 23:23h in Bitcoin News by

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Once Bitcoin (BTC) started to incur strong losses in the second half of 2019, analysts were once again making extremely low price predictions.

Per previous reports from NewsBTC, long-time Bitcoin skeptic and CEO of Euro Pacific Capital Peter Schiff said in a tweet that the price of the leading cryptocurrency could “dump” to $1,000 to complete a chart pattern.

Related Reading: XRP Analyst Suggests IPO Could Be Game-Changing for Ripple: Here’s How

And even recently, despite the price of digital assets rallying by dozens of percent since the December bottom, a number of traders have asserted that a $3,000 Bitcoin price is in the books.

But, according to a prominent crypto analyst who called BTC’s decline to the $6,000s, the idea that BTC is extremely bearish right now is somewhat irrational.

4 Reasons Why Bitcoin Price Unlikely to Crash Right Now

Legendary analyst Dave the Wave recently laid out four reasons why he is “surprised at the bearish sentiment” he is seeing on Crypto…

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