A pseudonymous analyst on Twitter said that apex crypto Bitcoin BTC/USD could soon reach its bottom, dipping to $10,000.
What Happened: 'Profit Blue' told his 196,400 followers on Twitter that Bitcoin will fall 62% from its current value and hit $10,500 before 2023.
#Bitcoin is headed to $10k and it will likely bottom out there soon.
Pay attention to the details. pic.twitter.com/dgcbKWzpyk
See More: Best Crypto Day Trading Strategies
He tweeted, “$10k before the year ends, stay careful. Something is definitely going down. It's all in the charts.”
On Saturday, he said that $17,300 to $17, 400 is a key resistance level. “A small move up and then let it all go down,” Blue said.
Price Action: At the time of writing, Bitcoin was trading at $16,932, down 1.49% in the past 24 hours, according to Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
