Has Bitcoin entered the bear market after hitting all-time highs? What 4 Popular Analysts Have to Say – Bitcoin – US Dollar ($ BTC) – .

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Has Bitcoin entered the bear market after hitting all-time highs? What 4 Popular Analysts Have to Say – Bitcoin – US Dollar ($ BTC) – .


Popular cryptocurrency analysts see Bitcoin (CRYPTO: BTC) continues to rise even as the apex cryptocurrency retreated after hitting all-time highs this week.

What happened: Kaleo, a pseudonymous technical analyst, told his more than 409,000 Twitter followers that users could miss out on huge profits if Bitcoin’s “last plunge” to $ 65,288 scares them.

Amsterdam-based popular cryptocurrency analyst Michel van de Poppe rejected speculation that Bitcoin was entering a bear market. Instead, he believes the cryptocurrency is at the start of a massive second round of the current bull cycle.

See also: How to buy Bitcoin (BTC)

Justin Bennett, a cryptocurrency analyst and trader with more than 82,000 Twitter followers, noted that if Bitcoin’s close on Thursday below $ 64,000 could result in “a few days of pain,” the cryptocurrency could then find a support in the range of $ 58,000 to $ 60,000.

Another pseudonymous cryptocurrency trader followed closely Pentoshi told its 319,000 Twitter followers that Bitcoin could hit the $ 180,000 level in the first quarter of next year.

Why is this important: Bitcoin, the largest cryptocurrency by market cap, hit an all-time high of $ 66,930.39 on Wednesday as part of the momentum given by the launch of the first US ETF based on Bitcoin futures, ProShares Bitcoin Strategy ETF (NYSE : BITO).

The cryptocurrency’s gains since the start of the year stand at 115.01%.

Price Action: Bitcoin has fallen 2.8% in the past 24 hours, trading at $ 63,015.66 at press time.

Read More: Could “Bitcoin $ 69,420” Be A Cryptocurrency Signature Meme Event?



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