Analyst Warns of Massive Bitcoin Plunge to Four-Figure Level As Crypto Reaches ‘Uncharted Territory’ - BitcoinEthereumNews.com
Bitcoin क्रिप्टोAnalyst Warns of Massive Bitcoin Plunge to Four-Figure Level As Crypto Reaches ‘Uncharted Territory’07 / 14 / 2022बिटकॉइन एथेरियम समाचार A popular crypto trader warns Bitcoin (BTC) could nosedive as the crypto market encounters severe macroeconomic headwinds. क्रिप्टो विश्लेषक जस्टिन बेनेट बताता है his 10,600 YouTube subscribers that a bearish flag pattern forming on Bitcoins chart suggests the leading digital asset could plunge to a price target of around $8,500. There is a pattern thats setting up now. You can see where we have a much smaller bear flag pattern that is developing… The objective in this case is right around $8,500. Just above $8,000. Benett says drawing a trend line starting from the high of 2017 to the present also suggests Bitcoin could plunge to under $10,000. If we draw a trend line off of the previous cycle peak, off of this high back here, you can see that we do get an area between $8,000 and $9,000. Now I realize that this trend line is not all that significant. However, what I do find interesting is the fact that BTC has every single cycle put in a trend line similar to that. The crypto trader says that unlike in previous cycles, the crypto market is