2023-11-27 19:27:16

Trader Claims Bitcoin May Drop Much Lower

U.today

By Alex Dovbnya

Jake Wujastyk, VP at TrendSpider LLC, believes that the 2017-2019 monthly closes are an inevitable area for Bitcoin, the largest cryptocurrency to test.

Wujastyk adds that there is a decent probability that such a scenario could play out.

After hitting $19,666, the peak of the previous bull run, Bitcoin closed December 2017 at $13,880. The largest cryptocurrency entered a brutal bear market shortly after reaching its peak.

In 2019, Bitcoin experienced a significant rally in the first half of 2022, reaching a yearly high of $13,880 in July 2019. The rally wasnt sustainable, and the largest cryptocurrency ended up closing that month at $10,760 before plunging lower in the following months.

#bitcoin #crypto #significantrally #peterbrandt #finalprice

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