RATE Group | What’s Next For Bitcoin According to Trader Who Called $8,200 Surge
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What’s Next For Bitcoin According to Trader Who Called $8,200 Surge

08 Jan What’s Next For Bitcoin According to Trader Who Called $8,200 Surge

Posted at 01:22h in Ethereum News by

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Bitcoin has been on an absolute tear over the past few days, surging by some 20% from the $6,900 low put in last week to $8,200 as of the time of writing this very article.

This move caught most traders with their pants down, so to speak, with this latest swing higher liquidating tens of millions of dollars worth of BTC shorts on platforms like BitMEX.

Despite this, there’s one analyst who called this move. The analyst, Credible Crypto. On December 6th, he posted the below tweet, noting that he expects for BTC to hit $6,800, then rocket back up to $8,200, which it did.

Here’s what’s next for the Bitcoin market according to this analyst.

Bitcoin to Dump Next?

According to Credible Crypto’s tweet, a strong dump is likely to follow for the cryptocurrency market. In other tweets, the trader suggested that per his view of the long-term time frame charts of…

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