Top Analyst Who Called Bitcoin’s Rally to $9,500 Warns a “Hard Dump” May Happen

If you told investors in mid-January that Bitcoin would soon surmount $9,000, they might’ve thought you were crazy.

At the time, the cryptocurrency had just been rejected multiple times from key resistances in the high-$8,000s — namely the ever-so-important 200-day moving average (seen as a “make or break” level) and the horizontal right around $9,000 sharp.

But, trader NebraskanGooner predicted what came next, saying a tweet published on January 16th — a day when Bitcoin dropped by 4-5% from $8,800 to $8,400 — that he expects for the asset to not “go any lower than $7,800 or higher than $9,600 this month.”

I think #bitcoin is likely to range for the next couple weeks. I don’t see it going any lower than $7.8k or higher than $9.6k this month. Those are the upper and lower limits of this current HTF range I’m seeing
Even more likely it stays in a tighter range between $8.2k-8.8k.

— NebraskanGooner📈 (@nebraskangooner) January 16, 2020

Bitcoin traded in the range the…