A popular BTC trader claims that there is one more big correction of Bitcoin ahead of us. Then we will see a price increase to USD 100,000.
BTC trader expects correction and flight to the moon
Trader, known in the industry as Flood, which he follows on Twitter as many as 78,000 followers say they expect a large correction of the BTC. However, it is to be followed by a significant price jump. Thinks “There will be time to be super bullish” but, he adds, “this time is not now. “ In his opinion, there will be increases, but first those who “They thought BTC would be a” safe haven ” they will sell out and then “We will have a great run towards the next ATH. “
There will be a time to be super bullish and long every dip with no regard for financial safety, but that time is not now. Once all the people who thought $ BTC would be a “Safe Haven” during high vol equity markets are flushed out we’ll have a glorious run to ATHs.
– Flood [BitMEX] (@ThinkingUSD) June 21, 2020
The strategist believes that the main cryptocurrency will lose more than 26 percent in the near future. its value. It is possible that we will drop to a level of only USD 7 100 for 1 BTC.
He adds that it is not important how low BTC now falls. His point is that in the next decade, the cryptocurrency will eventually reach USD 100,000 per coin.
As you probably know in our pages you can also find course analysis. Yesterday we wrote about the situation on the BTC / USD chart:
“Looking at the quotations of the oldest of the virtual currencies we will notice that the BTC price rebounded in mid-June this year. from the upward trend line and horizontal support in the area of USD 9,000. Bitcoin has remained relatively stable since then. During the Monday session, however, there was a greater demand response and if this trend continues, in the near future we could expect to test again around USD 9,900, or even USD 10,400. However, only a permanent overcoming of this second level could open the way for greater appreciation. “
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