ONchain Capital Founder Predicts more blood to come as Bitcoin will see $5350

[Henrikbliss]

ONchain Capital founder, Ran NeuNer, who predicted Bitcoin’s drop to $5,900 earlier this month is saying there is more blood to come for the cryptocurrency market.

Speaking at the CNBC’s Fast Money Show, Neuner said with the consistent bearish movement of the cryptocurrency market, bitcoin will likely go down to $5350.

“The same model is telling us there is more blood to come”, NeuNer said. “There is a 62% chance of a bear market, and a bear market means we’re going to test $5350 as the next point. There is a 16% chance of a bull market, but to confirm the bull market we’re going to need to test $7400 with high volume. So right now my money is on the market continuing to go down to about $5350 in the next two weeks.”

Read More: https://news.bitzamp.com/onchain-capital-founder-says-there-is-more-blood-to-come-as-bitcoin-will-see-5350-soon/