Express

Prominent Cryptocurrency Trader Warns Bitcoin is Going to Dump Hard

Roland James

Summary: Despite Bitcoin (BTC) being up more than 3% at the time of writing, one prominent cryptocurrency analyst believes that it is going to crash. Crypto trader Mac sent out a tweet warning that Bitcoin would “dump hard this week.” This prediction is based of the fact that bitcoin futures linked to CME left a large ...

Despite Bitcoin (BTC) being up more than 3% at the time of writing, one prominent cryptocurrency analyst believes that it is going to crash.

Crypto trader Mac sent out a tweet warning that Bitcoin would “dump hard this week.” This prediction is based of the fact that bitcoin futures linked to CME left a large gap in the $8,500 range. The cryptocurrency’s spot rate usually revisits the unfilled gaps, which is why Mac believes BTC is set to come tumbling back down to the $8,500 range.

By Roland James

Last Update:

Tags: ,,,,
Link: Prominent Cryptocurrency Trader Warns Bitcoin is Going to Dump Hard   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 14 hours ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 12 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 14 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 16 days ago

    • You need to login to comment.