Express

Bitcoin Still Not Out Of Bear Market Territory According To One Investor

Ramsey Baker

Summary: While Bitcoin's recent upturn has many analysts and experts calling it a bull market. According to CCN one investor who goes by the comical name of MagicPoopCannon, has a not so comical revelation for Bitcoin investors. Cannon claims that while he believes Bitcoin will eventually reach bull market territory once again, that in actuality the ...

stock-exchange-642896_640.jpg

While Bitcoin's recent upturn has many analysts and experts calling it a bull market. According to CCN one investor who goes by the comical name of MagicPoopCannon, has a not so comical revelation for Bitcoin investors. Cannon claims that while he believes Bitcoin will eventually reach bull market territory once again, that in actuality the recent surge is merely a bear market rally. The reputable investor with over 62,000 followers predicts that Bitcoin will reach as low as $3,000 and possibly lower by October 2019. The reason for Cannon's claim is that Bitcoin has a linear nature and based on this chart, Bitcoin is yet to reach usual low it reaches, before it's upswing.

Last Update:

Tags: ,,,,
Link: Bitcoin Still Not Out Of Bear Market Territory According To One Investor   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.