Seasoned trader and analyst predicted massive crash we are witnessing right now
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The third scenario, which Brandt found most likely, was an"upward chop" with corrections under 15%. In other words, the price might move up and down but not crash or skyrocket. This would bring Bitcoin to around $63,000 with each correction.Renko chart, which continued to show green, indicating a general uptrend. A three-day Renko chart was mentioned, which could signal vulnerability for Bitcoin if a red block appears, suggesting a downward trend.
Bitcoin's price has been showing an enormous volatility ride. While the past performance of Bitcoin has seen incredible highs, it has also faced steep drops, reminding us that what goes up can come down — and sometimes hard. Economic factors, such as interest rate changes, investment trends and market confidence, can all cause price swings; however, the key reason behind the digital gold's most recent correction is purely speculative as the overextended market led to the massive surge of liquidation from both sides, creating enormous imbalance and pushing BTC to the ground.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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