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Bitcoin crash predicted before surge to $100,000

bitcoin crash

Crypto analyst that was responsible for accurately predicting the Bitcoin crash movement around the first few months of 2019 has stated that the leading digital assets may experience a massive pullback. He noted that the coin would need to make a significant price correction before it eventually makes a massive surge to stay at around $100,000. The famous analyst released a statement on Twitter, where he said objectively that he believes that Bitcoin is going to hit a new resistance mark that has made the asset experience a bearish trend since 2018.

Bitcoin might be set for a bearish run

Should things go the way @davthewave predicted on Twitter, he stressed that the coin would first need to rally enough in terms of price surge before it experiences a massive selloff that would put it at the end of a bearish run. He further stressed that the bearish run might actually see the leading cryptocurrency make one of the lowest price sales of around $6,000. He also noted that if the current market is anything to go by, before the bitcoin crash, the coin needs to first assume a correction before it shatters the heart of investors when it crashes.

Prediction to happen in 3 years

If the Bitcoin chart as released by the analyst is anything to take into consideration, then things are set to follow in the way he has predicted, and a correction might not be too far into the future. Meanwhile, he stated that since Bitcoin has always been a stubborn coin, it might eventually upset the odds and make a massive price surge soon. The analyst said he has cross-checked previous Bitcoin movements and it returns after experiencing a surge to predict the $100,000 mark. He expects his predictions to happen in the next three years.

About a year back, the analyst made a shocking prediction of the bitcoin crash that happened at the beginning of 2019 when he said the coin might actually place around the $6,000 mark. His prediction was correct after the coin was forced to trade a little bit around the $6,425 mark in December.

Ifeanyi Egede

Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile freelance writer and researcher on the blockchain space and related matters with published works online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.

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