This Analyst Correctly Predicted The Bitcoin Flash Crash To $94,000, But There’s A New Target

Quick Summary:

The analyst anticipates another major decline in the Bitcoin price before it hits a new all-time high.  $130,000 Target In Sight After Bitcoin Flash Crash  The broader crypto market has undergone a significant correction sparked by the recent Bitcoin flash crash.

This unexpected flash crash triggered widespread liquidations, with more than $1.5 billion in long and short positions wiped out as traders scrambled to mitigate losses.  Related Reading: Dogecoin Price Prediction: Here’s What The 91-Day Pattern Says Could Happen Next With Bitcoin currently showing signs of momentum, analysts have voiced expectations of a future price rally.

The cryptocurrency has been trading below the $100,000 level following a slight pullback after hitting an ATH above $104,000.  Related Reading: PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It The broader market sentiment has also turned bullish despite the recent Bitcoin price decline.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Crypto analyst Bitcoin Analyst BTC news Bitcoin Btcusd Crypto news Bitcoin news Bitcoin price Btc price Btc Crypto BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 21:30:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24339132

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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