Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Lenipiw on September 06, 2020, 02:37:15 PM
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Few expected Bitcoin to be in the position it’s in now just days ago. Just earlier this week, the leading cryptocurrency was riding high, trading above $12,000 as investors thought the rally to new all-time highs had begun. There were reasons to believe this: gold was surging, the U.S. dollar was crashing, increased inflation was hinted at, and altcoins were surging.
But one trader, the whole time, was predicting a strong move lower under $10,000 to $9,755.
With Bitcoin having traded under $10,000 twice in the past few days, he’s been proved almost fully correct.
Visit Here: https://www.newsbtc.com/2020/09/05/trader-predicted-bitcoin-plunge-under-10000-comes-next/
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Well, the cryptocurrency market is very unpredictable. There are already millions of participants in it, and almost every significant holder of the cryptocurrency can make their own adjustments to its price movement. At the same time, periodic price adjustments are necessary to stabilize the cryptocurrency market. The current correction should have a beneficial effect on further market growth in the fourth quarter of this year. Therefore, Bitcoin may now drop significantly in price, but in the fourth quarter it will rise to $ 15,000 - $ 18,000.
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The bounce that the analyst is expecting is likely, a number of indicators suggest. We’ve already seen a bit of a bounce, but more is likely to come.