Analyst Gives Big Downward Price Target for Bitcoin (BTC) As Crypto Markets Turn Red
Bitcoin cryptoAnalyst Gives Big Downward Price Target for Bitcoin (BTC) As Crypto Markets Turn Red09 / 19 / 2022Balita ng Ethereum ng Bitcoin The widely followed host of DataDash is predicting that Bitcoin (BTC) will go down fast and hard, reaching new bear market lows. Crypto analyst Nicholas Merten nagsasabi his 514,000 YouTube subscribers that BTC is going to drop to a minimum of around $14,000 – an approximate 27% drop from BTCs current level around $19,000. The popular analyst warns that the Bitcoin bear market could be more severe than most traders are anticipating. Simply put, we need to get prepared for the worst. At a minimum, expect that Bitcoin is going to what it‘s done through previous bear markets. Where do we pull our price levels from? Well, the levels I’m pulling here are not just being pulled out of a hat. They come with pretty decent rationale. Not only with the fact that we‘ve treated these moving averages as resistance and are rolling back over to the lows here likely proving that this isn’t the capitulation or consolidation chanel that many people were expecting it would be… Not only is it a big even level here, but you‘ve got two dynamics at