Why Bitcoin Will See One Last Dip Before Making 'Explosive' Move: Crypto Analyst Explains
Portfolio Pulse from Mehab Qureshi
A crypto analyst, Credible Crypto, predicts that Bitcoin (BTC) will undergo one more market correction before making a significant upward move. The analyst suggests that Bitcoin will likely dip to at least the mid-$26,000 level while remaining in an overall upward channel. Despite the possibility of a move down to a lower level, the analyst anticipates that the next move up for Bitcoin will be 'explosive'. At the time of writing, BTC was trading at $26,730, down 1.41% in the last 24 hours.
September 21, 2023 | 12:38 pm
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Bitcoin is expected to undergo one more market correction before making a significant upward move. The crypto analyst predicts a dip to at least the mid-$26,000 level before the rise.
The crypto analyst's prediction of a final dip before a significant rise in Bitcoin's price could lead to short-term volatility. However, the overall trend is expected to be upward, which could potentially impact the asset positively in the long run.
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