Bitcoin Price Could Fall By 30% to $7,500; Here’s Why

Over the past week, Bitcoin (BTC) has finally managed to mount a comeback, rallying from the local low of $9,300 to $10,500 as of the time of writing this.
However, one analyst recently pointed out that this price action only confirms the idea that the cryptocurrency market may soon undergo another retracement — one that could bring the Bitcoin price down to the $7,000s for the first time in literal months.
Related Reading: Bitcoin Price Could Break Up From Multi-Month Bull Flag
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