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Bitcoin Will Hit $100,000 soon, But Will There Be A 60% Dump First?


February 17, 2021 · By Manager
Bitcoin (BTC)

Ivan is joined by Carl from the moon on his channel to discuss the Bitcoin price action trend.

Carl says $50,000 is psychologically a huge level for Bitcoin at which many people may expect a pull back, but right now Bitcoin seems to be breaking that level(00:50).

Carl says he would like to see more volume as Bitcoin breaks the resistance to reach a 24-48 hour target of $55,200 (05:15). Bit of banter from Ivan describing Peter Schiff’s $100K Bitcoin bullish tweet as a bearish news (07:31).

Carl says Bitcoin has been going absolutely mind blowing parabolic ever since the Corona dump[March 2020] with the only big correction being -32%[January 2021] and he does not think it will go to $100k without a big correction (09:16).

He predicts a 60% correction for Bitcoin at some point, especially when the weak hands who jumped in because the price is going up and do not understand the system(10:20). He adds that weak hands are emotional and will sell/buy based on emotion.

This episode premiered on 17th February

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