logo

Amidst Bitcoin bullish analysis, high volatility analyst predicts crypto will plunge to $5,250 region

Bitcoin bullish

Amidst all the Bitcoin bullish analysis, analyst @blockchainblitz has predicted otherwise, claiming that Bitcoin might actually plunge. Sharing a chat to that effect, he believes that the crypto will plunge and sets the stops for short, medium, and long fall. He believes that Bitcoin will plunge stopping at $7,650 level at least or go as much as $5,250.

The tweet has however generated 33 likes and 8 retweets as people react in the comment session that @blockchainblitz might be right with his analysis.

However, last week after Bitcoin price rose above $9,000 and dropped back to $8,000 region which it still trades at, because of this, analysts have predicted that Bitcoin will rise to $20,000 very soon as a lot more people are investing in it now.

Also, the approaching Bitcoin halving event which is 10 days from now seems to have attracted the interest of more investors who now are joining the Bitcoin bandwagon making the Bitcoin bullish trajectory more achievable.

Regardless of the fact that Bitcoin could not hit $10,000, crypto analyst @TheMoonCarl has said that the Bitcoin will hit $20,000 very soon because of the halving event.

Bitcoin bullish prediction: Crypto’s $20,000 rise, a matter of time

@TheMoonCarl in a tweet said recently that the number of non-zero Bitcoin addresses has broken the 30 billion figure. This number is according to Glassnode, a blockchain data firm that gave this information on Twitter.

 

@TheMoonCarl says that as a result of the rise in the number of Bitcoin investors, Bitcoin’s $20,000 rise is imminent as its just a matter of time.

More investors really staking on Bitcoin

According to Alexander Leishman, Chief of River Financial, it is evident that people are really buying more Bitcoin days to the halving event. Leishman shared a chat to back his claim up.

 

[wp-faq-schema title="FAQs" accordion=1]
Muhaimin Olowoporoku

Muhaimin Olowoporoku

Muhaimin loves writing on crypto news aside from being a crypto enthusiast. He has a knack for analysing issues and updating people on what's happening around the globe. He believes that blockchain and cryptocurrency are the most useful systems of mutual trust ever devised.

Related News

Hot Stories

SEC chairman discusses Instagram crypto promotion charges
BUSD turns 3. Here's a recap on how it all happened
Bitcoin, Ethereum, Hedera Hashgraph, and Tezos Daily Price Analyses – 4 October Roundup
Best crypto memes of the day - October 4th
Best Twitter threads of the day - October 4th

Follow Us

Industry News

BUSD turns 3. Here's a recap on how it all happened
What’s next for LUNC after Binance burns $1.8M in tokens?
Tron's Justin Sun plan for Credit Suisse goes viral
Access point nodes: How can they be of service?
Celsius destabilizes the crypto market. Are investors in trouble?