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973: CRYPTO ANALYST PREDICTS BITCOIN BOTTOM SCENARIO AND REVEALS BIG DOWNSIDE TARGET FOR ETHEREUM!!

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Manage episode 333056360 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A popular crypto analyst is digging into the charts to set low-end price targets for Bitcoin and Ethereum, the 2 largest cryptocurrency assets by market cap.

The analyst remains cautious about predicting a BTC bear cycle bottom, noting two previous instances that were punctuated by dramatic volatility downward.

“I’m not saying this is necessarily the bottom. Usually for absolute bottoms to form, you want to see some sort of nasty capitulation wick. Back in 2018, that was obviously the $6,000 level where price fell through [from] $6,000 to $3,000.

Regarding his Ethereum bottom target:

“This area remains a high-demand zone area and if we fall out here, $600 is probably the next area up.”

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  continue reading

1060 episodes

Artwork
iconShare
 
Manage episode 333056360 series 2835096
Content provided by Justin Verrengia. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Justin Verrengia or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A popular crypto analyst is digging into the charts to set low-end price targets for Bitcoin and Ethereum, the 2 largest cryptocurrency assets by market cap.

The analyst remains cautious about predicting a BTC bear cycle bottom, noting two previous instances that were punctuated by dramatic volatility downward.

“I’m not saying this is necessarily the bottom. Usually for absolute bottoms to form, you want to see some sort of nasty capitulation wick. Back in 2018, that was obviously the $6,000 level where price fell through [from] $6,000 to $3,000.

Regarding his Ethereum bottom target:

“This area remains a high-demand zone area and if we fall out here, $600 is probably the next area up.”

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1060 episodes

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