CandleFocus Bitcoin ‘huge bear market starting’, according to BTC short-seller
2024-09-11
Author: Content Editor
The cryptocurrency market sentiment is currently bullish, but Bitcoin short-sellers are doubling down on their belief of a significant bear market. Xanrox, a cryptocurrency trader and analyst, predicts a 50% crash in Bitcoin and believes there is a "fake bullish flag" indicating a trend reversal. Xanrox blames this on a group called the "Cabal," who allegedly manipulate public perception. The analyst believes an expected interest rate cut by the Federal Reserve would be bearish for crypto and stock markets, contrary to other finance experts' views. However, four other analysts believe the worst for Bitcoin has already passed. It is important for BTC investors and traders to conduct their own research and exercise caution in this volatile market.
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