Bitcoin is Going to Dump Hard, Prominent Analyst Warns
Bitcoin is down by more than 2.5 percent this week and one analyst believes it is due to face additional losses.
Prominent crypto trader Mac warned that the cryptocurrency could dump hard in the remainder of this week, stating that bitcoin futures linked to CME left a huge gap in the $8,500 range. The cryptocurrency’s spot rate typically revisits the unfilled gaps, which prompted Mac to predict a crash towards the $8,500 level.
“Bitcoin is gonna dump hard this week and over $100
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