What happened? The head of the ADVFN website dedicated to global stocks, shares and cryptocurrencies, Clement Chambers, said that the price of bitcoin could fall to $ 10,000 if it drops to the level of $ 17,000. According to Chambers, if the asset rate drops to $ 10,000, then BTC can reach the bottom twice within the framework of the corresponding pattern, after which an active growth to $ 40,000 is possible. The expert told about this in an interview with Stansberry Research.
Interview for Stansberry Research
What did Chambers talk about earlier? In May 2021, when the first cryptocurrency was trading at around $38,000, the head of ADVFN predicted that BTC was going through its four-year cycle. In this cycle, he said, bitcoin was supposed to hit a low of $10,000 and then rebound to another all-time high (ATH) of $120,000. As for the current situation in the crypto market, Chambers is of the opinion that the decline in the price of bitcoin to $ 10,000 is most likely.
On September 13, 16:30 GMT, bitcoin is trading at $ 21,458, down 3.88% per day, according to Binance.
What is known about ADVFN? This is an English company that manages the website of the same name, which contains up-to-date information about the financial markets. The company was founded by Clement Adrian Chambers and Michael Hodges. Its main activity is to provide private investors with online data, such as stock quotes, charts, financial news, futures and options.
Earlier, crypto trader and investor Ton Weiss warned of a possible bitcoin crash, similar to what was in the bear market of 2018. According to Weiss, the asset repeats the price movement of May 2022, when it showed signs of recovery, but eventually collapsed.
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