Bitcoin (BTC) Could Bottom At $1,700
The bitcoin expert Murad Mahmudov, a Princeton graduate with dreams of launching his own crypto-centric hedge fund, has quickly become a leading Bitcoin (BTC) analyst, posting an array of in-depth, respectable bits of technical, historical, and fundamental bitcoin price analysis news that have resonated with investors.
On Sunday, the industry insider took to Twitter to issue his latest analysis thread.
Expert of btc first drew attention to Bitcoin’s historical price action, drawing lines between the bear market of 2014/2015, specifically the “Baby Capitulation and Final Capitulation” events, and today’s market. Long story short, through a mashup of historical and technical analysis, BTC could fall to as low as $1,700-$2,200 by Spring 2019. So, in closing, the analyst wrote:
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