Analysts Anticipate a Short-Term Drop, Yet Long-Term Rise in Bitcoin Value

Notable cryptocurrency analyst Bluntz, known for accurately predicting Bitcoin‘s (BTC) slump in 2018, anticipates continued decline in the world’s largest cryptocurrency by market cap. “Expect Short-term Drop, Long-term Rise for Bitcoin” The anonymous analyst, Bluntz, suggests a rapid surge in Bitcoin could occur before the continuation of the ongoing bearish trend. According to Bluntz, Bitcoin’s price chart suggests an impending downward movement, indicating further adverse news for the world’s largest cryptocurrency: If upward price movements do not occur, I see a high possibility of going below $24,000. There is a triangle formation here on the 4-hour price chart formed by the horizontal movement of the price, and the trend that will be triggered by this formation will definitely be a bearish trend. There’s no risk/reward now, but I certainly won’t miss the opportunity to short sell if any upward bounce occurs. The fact that the largest cryptocurrency is trading this […] The post Analysts Anticipate a Short-Term Drop, Yet Long-Term Rise in Bitcoin Value appeared first on COINTURK NEWS.