The article states that a crypto analyst has issued a warning on Bitcoin, saying that even if it surpasses $70,000, it could still experience a highly bearish scenario. The analyst explains that a severe correction after breaching this psychological level would deplete all bullish momentum and could result in a fake breakout. They suggest that if a breakout above $70,000 occurs and is immediately rejected, it would be the most bearish chart possible. Currently, Bitcoin is trading at $67,707 with a 1.18% increase in the last 24 hours.
- Content Editor ( dailyhodl.com )
- 2024-10-28
Top Analyst Issues Bitcoin Warning, Says BTC Could Witness ‘Most Bearish’ Scenario Even if It Breaches $70,000