CandleFocus Analyst Warns of a Huge Bitcoin Shakeout Incoming, Shares Crucial Tips to Avoid the Trap
2024-09-10
Author: Content Editor
According to an analyst, Bitcoin is expected to experience a price dip towards $40,000 - $47,000 in the next 2-3 weeks before the start of a bull run. The analyst warns traders to stay vigilant and not fall for panic selling, as this is a historical period where holders are shaken out before the bull run begins. The analyst believes that even if the price dips to the $40,000 range, it does not mean the bull run is over and expects Bitcoin to bounce back. They also mention the importance of the Fed's liquidity injection and rate cuts in propelling the crypto market into a bullish 2025 bull run. The post concludes with a recommendation to hold strong on fundamental assets, remove leverages, start dollar-cost averaging, and expect Bitcoin to reach $100,000 and $200,000 by the end of 2025.
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