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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

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