Analyst: A standalone technical analysis based on chart patterns indicates that Bitcoin could potentially drop to $30,000

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Bitget2024/02/14 03:40

IG Australia Pty market analyst Tony Sycamore wrote in a report that despite the overnight deterioration of risk sentiment, Bitcoin still demonstrated impressive resilience. Meanwhile, separate technical analysis based on chart patterns suggests it could temporarily drop to $30,000.

Orbit Markets co-founder Caroline Mauron, a digital asset derivatives liquidity provider, said we expect the market to pause briefly before the upcoming Bitcoin halving takes dominance after an astonishing four-month rise.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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