It’s been just revealed that there is a new BTC warning out. Check out the latest reports about the price of BTC below.
New BTC price prediciton
An analyst who nailed the 2018 bear market bottom for Bitcoin (BTC) believes that the crypto king’s correction is not yet over.
Pseudonymous crypto strategist Bluntz said recently, according to the latest reports coming from the online publication the Daily Hodl, that he expects Bitcoin to go on a quick bounce before resuming its downtrend.
He said that Bitcoin’s bearish chart suggests that more bad news stories could be in store for the crypto space.
“Now that price action has unfolded a bit longer, I think sub-$24,000 is probably likely. It definitely feels like some kind of sideways-running triangle forming here on the four-hour (chart) with the underlying trend currently down.”
He continued and stated the following:
“Risk/reward is gone now but definitely looking to re-short any bounce up over the next day. Just the fact that crypto is trading like this while other risk-on assets are pumping probably tells me there’s more bad news looming.”
This would definitely be a great opportunity for people who plan on accumulating the king coin.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $25,981.
In other recent news, it has been just reported the fact that a closely followed crypto strategist says that Bitcoin’s (BTC) long-term trend remains up despite its bearish price action after briefly surging above $30,000.
In a new video, analyst Jason Pizzino said not too long ago the fact that Bitcoin is still in a bull market.
According to the analyst, his bullish stance will not change as long as Bitcoin is trading above $20,000.
“Overall, the macro is up… To the short-term, bear market, yes: lower highs, lower lows. That’s short-term. But in the longer term, there is your bull market. We’re still in it right now.”
