It is certain that no one knows the future, after that we will see.
Tommy Fran
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Bearish
Bitcoin Price at Alarming Levels: 2 Analysts Expect a Correction! In a new video, Pizzino told his 345,000 YouTube subscribers that #Bitcoin is "likely to see more declines." He also mentioned that it is likely to remain below its all-time high of $108,200 for an extended period. According to Pizzino, the decisive support level for Bitcoin is currently around $91,750. The widely followed cryptocurrency analyst points to the possibility that Bitcoin could drop below $85,000. In that case, he says the correction could be even longer. The analyst says: If it drops 50%, which is $91,750, then we have a better chance of entering the mid-$80,000 range in the next week or two, or even below $80,000, around $83,500 and $82,000. If something breaks down, you start to see closes below the previous highs of $73,000, $74,000, that is a sign of concern. It's not the end, but it looks like it's going to be a very weak market if it is. That's where we are right now, or Bitcoin is — you're 14 days below [the all-time high]. It will probably take longer to recover from this move (from $108,200 to the current price), especially after the extreme rally we have seen. The good news is that the reset has begun, the reset is happening. Benjamin Cowen: Explained the correction scenario In a new video update, cryptocurrency strategist Benjamin Cowen has taken note. Cowen tells his 853,000 YouTube subscribers that Bitcoin could recover in double-digit percentage points in January based on historical precedents. However, Cowen says that December's correction of Bitcoin may have been due to expectations of a historical correction in January, which is why Bitcoin may not correct this month.
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