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Bitcoin Still Not Out Of Bear Market Territory According To One Investor
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 ...
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.
Tags: bear market,Bitcoin,Crash,Cryptocurrency,prediction
Link: Bitcoin Still Not Out Of Bear Market Territory According To One Investor [Copy]