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CNBC analyst Brian Kelly believes Bitcoin (BTC) still possesses more downside potential even as it trades at over 70% off its all-time high.
On CNBC’s Fast Money, Kelly says the flagship crypto could still fall nearly 50% from current levels as the macro environment worsens.
“The good news is that I do think we are getting a lot closer to a generational bottom. The bad news is that it might not be until Bitcoin hits $10,000.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3HQlSbL
✔ Billionaire Issues Crypto Warning: https://bit.ly/3Nhi04A
✔ $260K Bitcoin Prediction: https://bit.ly/3nkiSek
✔ Tim Draper $250K Bitcoin Prediction: https://bit.ly/3xTHpM0
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #cryptocurrency #btc
10 Comments
💰 BlockFi: Up To $250 Bitcoin Bonus: (Sponsored)
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I totally agree with what you are saying …. <The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion and think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 16.6 BTC in just three weeks, with the trading strategy given to me by expert trader Jiasheng ZaC.
Everyone was saying 24 million another perfect example of everyone lying to attack Bitcoin
My life changed since I started with $3000 and now I make $16,450 every 11 days
A $25,000 profit sent to my portfolio every week due to my trading strategies is fascinating.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Mrs kristi, her trading skills set is exceptional.
I trust you ever since we started this mining now I own a store of my own thanks so much!!!
Food for thought…. Exactly who is selling Bitcoin right now…. and exactly who is buying Bitcoin now? Once you get that, you'll understand what you should do!
Always good to hear your thoughtful and logical analysis. So a Dead Cat Bounce is sorta that 1 small surge when it hits "a" bottom, but after it comes back down, it settles into a new lower bottom? Because i think I remember the term. As traders we can still make good money 😀,I trade with Bobby Lucas, his skills set is exceptional. I am already growing my 2.1 btc to 9 btc.