Price targets ta nyse opticalartdotcom85 797 views 29 11 dollar crash prediction when how it will happen according. Bitcoin will crash 75 soon in 2020 before the 2021 btc bull run can begin. Fortunately for bulls there is a fractal analysis by an analyst that predicts it may be only a few weeks or even days before bitcoin retakes the pivotal 12 000 level.
Fractal bitcoin s rejection on saturday caught many traders off guard to say the least. Bitcoin will soon retake 12 000. Btc broke most of its support levels during a huge sell off in november as the coin looked to be free falling.
Over the past 24 hours btc is down close to 1. Bitcoin btc is currently trading at around 7 050 following a 6 decrease in price since last monday. Usd btc btc x drop further soon.
Economist warns of second leg down in stocks as much as a 40 drop the current economic contraction is the worst in years. If a warning from a global economist comes true and the correlation between crypto and stocks remains a second leg down could be imminent. Bitcoin has been tightly correlated with the stock market since the start of 2020.
A triple top suggests that the asset may not be rallying soon and is. Bitcoin falling to low 8 000 will signal a triple top the two previous tops were printed in october 2019 and february 2020. Schiff predicts a price drop for btc again.
He reasoned that the demand will fall after the event which will result in a bearish btc future. Prominent american economist and well known bitcoin critic peter schiff believes that the price of the asset will drop following the upcoming halving.
