Bitcoin to Dip to $25K?
If Bitcoin gets much lower, I’m going to look for stuff to pawn to buy some very cheap crypto! All joking aside, we might see sub-$30K Bitcoin soon and if so, buy as much as you can.
Bitcoin will dip to $25K if this trader’s 20% crypto crash forecast comes true
“Bitcoin has suffered from downside over recent days despite ‘feel-good’ news stories from the Bitcoin 2021 conference, including adoption in Latin America.
Now, after BTC/USD lost 9% overnight, attention is turning not to a recovery but to a deeper price dip to test hodlers’ ‘diamond hands.’
According to Cobra Crypto, the size of the capitulation will cost the $30,000 support that remained during the May retracement.
‘Absolute carnage within next 5 days or you can tell me how wrong I was,’ he wrote on June 4.
An update gave a time limit of 48 hours from June 7 for the fresh losses to enter the market. Bitcoin, he argued, would not stop at $32,000.”