Why a Bitcoin Analyst “Doesn’t Understand” How People Are Still Macro Bearish

Believe it or not, there remain traders that are macro bearish on Bitcoin. That’s to say, there are some investors that think the capitulation crash to $3,700 was not the worst of the bear trend. There’s a prominent cryptocurrency analyst, for instance, who says that as long as Bitcoin remains under $10,500, he remains bearish. So bearish, in fact, that he believes the cryptocurrency is on track to plunge towards $2,000 — and maybe even […]

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Author: toutiao