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Bitcoin (BTC) could drop to $29,000 and still be testing current support in line with past dips, claims CNBC’s “Chartmaster.” In an appearance on the network’s Fast Money segment on Monday, Carter Worth, chief market technician of Cornerstone Macro, warned that the BTC bottom may be far from in with a 55% correction from all-time highs still on the table.
In other trending Bitcoin News today: Tesla’s Abrupt Bitcoin Reversal Could Be Game Changer for BTC, According to Fundstrat Analyst Tom Lee!
Despite Bitcoin losing about 20% of its value since Tesla halted its use as a means of payment, Lee has upgraded the flagship cryptocurrency’s price target by 25%. From his initial forecast of $100,000, the Fundstrat managing partner and head of research now expects Bitcoin to hit $125,000 by the close of 2021.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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