Analysts Flip Bearish On Bitcoin (BTC), Expect Collapse To $4,200

Save for yesterday’s price action, the movement in the value of Bitcoin throughout April has been rather bullish, leading analysts across the board to claim that cryptocurrencies are finally entering their next bull run. However, once yesterday’s news regarding Tether and Bitfinex came to light, resulting in a rapid 10% drop from $5,550 to $4,950 in BTC, analysts have begun to assert that a move lower may be likely.

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