A prominent crypto analyst has outlined two potential scenarios for Bitcoin (BTC), both suggesting a bearish market trend. The analyst, known as Mr. Wall Street, predicts that Bitcoin will either break its current support at the weekly EMA100 and drop to the EMA200, or make a final upward push to create liquidity before declining. He has positioned himself with short orders, anticipating profits from a market downturn.
Mr. Wall Street's analysis suggests that if Bitcoin follows the first scenario, he will redirect liquidity to short altcoins like ETH, SOL, and XRP, which he expects to fall more sharply. Despite his bearish outlook, other analysts argue that the market could still present bullish opportunities, emphasizing the unpredictability of crypto markets.
Analyst Predicts Bearish Turn for Bitcoin with Two Possible Scenarios
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