Renowned cryptocurrency analyst Cold Blooded Shiller has expressed concerns about the potential for a significant correction in the price of Bitcoin (CRYPTO: BTC). What Happened: In an April 16 tweet, Shiller acknowledged the current strength of Bitcoin, attributing it to various factors such as ETFs, fundamentals and the Bitcoin halving.
Popular Bitcoin (CRYPTO: BTC) trader Stockmoney Lizards went viral with an “unbiased analysis” of potential upcoming Bitcoin price action. What Happened: In a thread on X (formerly Twitter), the trader's analysis takes into account the chart patterns of Bitcoin.
'Don't squander this chance. Especially if we're lucky for it to retrace deeper than -20%,' one of the analysts warned.
According to Woo, the recent correction in Bitcoin's price has effectively purged leveraged long positions, creating a more stable foundation for future growth. This correction saw Bitcoin retracing to $60,000, a move that Woo believes was necessary to eliminate excessive speculation and reset market sentiment.
According to 10X Research founder Markus Thielen claims that the crypto market could be adjusting on “a crucial tipping point'' and experiencing a potential price correction. Inflation as primary price trigger Markus Thielen noted that the primary trigger is the unexpected and persistent inflation.
Popular cryptocurrency expert Cold Blooded Shiller has made a grim prediction that Bitcoin may be on the verge of a significant correction and could crash as low as 30%, given the current heightened volatility in the market. Bitcoin Could Be Poised For 30% Pullback Cold Blooded Shiller believes it is important to note that Bitcoin is holding up and now showing much more strength, regardless of the different factors influencing the nascent sector, such as ETFs, fundamentals, and Halving.
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