Analyst Who Called March’s V-Shaped Reversal Says Bitcoin Dip Is Inevitable

Analyst Who Called March’s V-Shaped Reversal Says Bitcoin Dip Is Inevitable


Bitcoin has undergone a strong rally over the past few days as the coin has continued to see vast buying interest. The coin pushed as high as $18,500 last evening, though quickly dipped back into the $17,000 region as selling pressure suddenly appeared. There was a vast amount of selling pressure on the order books of top exchanges at $18,500.

Analysts believe that a deeper drop for Bitcoin is on the horizon, even as it manages to hold the low $17,000s. Bitcoin should hold $17,100 on a daily basis to maintain the uptrend, some have said over the past few days.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Bitcoin Could Face a Dip, Says Historically Accurate Analyst

Trending: Breaking News: Over 6,000 False Biden Votes Discovered in Arizona Ballot Count Upload Error (Lead dips under 5,000)

The same trader that predicted Bitcoin would see a V-shaped reversal to $10,000 and beyond during the March crash recently said that a drop is somewhat inevitable for the cryptocurrency:

“My work here is done I sincerely

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend