29-12-2019 06:00 via newsbtc.com

Bitcoin To Enter Face-Melting Rally? Why Analysts Think Price to Jump

Bitcoin (BTC) hasn’t done too hot over the past few months, plunging some 50% since the June top of $14,000. The selling has stopped over the past few weeks, with the price of the leading cryptocurrency flatlining in the low-$7,000s.
Despite this, sentiment has been rather bearish, with a confluence of prominent technical analysts recently remarking that they expect for the price of Bitcoin to tumble by 20% over the next few weeks.
Hodlonaut, a prominent Bitcoin proponent and commentator,
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