Crypto Strategist Who Predicted 2019 Bitcoin Crash Drops New Warning 

Just the other day, Bitcoin surprised everyone with a significant drop in price.

While crypto enthusiasts have been waiting to see the king coin breaking past the important FOMO0trriggering level of $10k, Bitcoin dropped around $9,000, due to a sell-off.

At the moment of writing this article, BTC is trading in the red, and the coin is priced at $9,079.84.

Bitcoin is ripe for a pullback, says analyst

An analyst who called the beginning of Bitcoin’s big correction last year said that BTC is now getting ready for a new pullback, according to the latest reports coming from the online publication the Daily Hodl.

The pseudonymous trader Dave The Wave tells his followers on Twitter that BTC is knocking on a resistance level that has kept the market bearish for ver two years.

If BTC will continue to respect the long-term resistance, Dave the Wave is seeing a strong sell-off that could push BTC down to $6,400.

He also said that the short-term predictions are not that strong as the long-term ones.

Anyway, if BTC continues to drop, this will be a great occasion to buy the dip once again.

He also created a poll as you will see below:

The crypto market has been really volatile lately following BTC’s halving.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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