Crypto analyst and influencer Tyler Swope is issuing his thoughts on the latest Bitcoin crash and when the turbulent price action will end.
In his latest strategy session, Swope tells his 250,000 YouTube subscribers that Bitcoin will likely set up one last bear trap before resuming its upward trajectory.
The flagship cryptocurrency is struggling to recover the $40,000 level after dipping down to $30,000 in late May.
Swope believes that the asset may be due for one more rejection at $40,000, as Elon Musk continues to issue cryptic tweets related to Bitcoin.
“We’ve kind of hit the top of $40,000 twice, we’ve retested it and we got rejected twice so I think after that second rejection, we may have another third one…. Soon we’re going to have our final dip down. It’s going to be the final little bear play and this Elon tweet stuff was all part of it.”
Swope goes so far as to name the