Bitcoin will dip to $25K if this trader's 20% crypto crash forecast comes true

Bitcoin will dip to $25K if this trader's 20% crypto crash forecast comes true


Bitcoin (BTC) is heading for “absolute carnage” which will result in a trip to around $25,000, a popular trader has warned as bullish signals disappear for BTC/USD.

In characteristically direct tweets this week, Twitter account Cobra Crypto warned that 20% is about to be shaved off the entire cryptocurrency market cap. 

Crypto to see “absolute carnage” within days?

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Bitcoin has suffered from downside over recent days despite “feelgood” news stories from the Bitcoin 2021 conference, including adoption in Latin America.

Now, after BTC/USD lost 9% overnight, attention is turning not to a recovery, but a deeper price dip to test hodlers’ “diamond hands.”

According to Cobra Crypto, the size of the capitulation will cost $30,000 support which remained during the May retracement.

“Absolute carnage within next 5 days or you can tell me how wrong I was,” he wrote on June 4.

An update gave a time limit of 48 hours from Monday for the fresh losses to enter the market. Bitcoin, he argued, would not

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