Bitcoin to Bottom at $6,000, Surge to All-Time High by Halving: Analyst

Over the past 48 hours, Bitcoin (BTC) price has started to show some strength. After the brutal drawdowns that were seen early this week, which saw BTC unravel to $7,700 from $10,200, this strength has been welcomed.

However, one analyst says that it’s not over for Bitcoin just yet, claiming in a recent analysis that the cryptocurrency still has at least another 25% to fall from here. Yet, the same analyst expects for BTC to start flirting with its previous all-time high of $20,000 in eight months’ time.

What’s Next for Bitcoin?

According to a prominent technical analyst, Bitcoin’s collapse isn’t just done yet.

In a recent Twitter post, they remarked that Bitcoin’s markdown phase is yet to complete, seemingly looking to the fact that the cryptocurrency is below a set of prominent moving averages, and is thus weak. Read More...