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Bitcoin correction to $20k to $30k from $50k
Bitcoin
Short
Bitcoin correction to $20k to $30k from $50k
By CoinSignals
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Feb 16, 2021
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Feb 16, 2021
#BTC Forecast
5 Reasons bitcoin will crash 30-50% in next 3-4 Months.
1. Technical Correction monthly RSI is about to get overbought like 2017 peak.
2. Big Stock market crash/scam might affect Crypto.
3. Instability in market due to lawsuits like XRP against the Tether.
4. Government Intervention / CBDC or New Coin.
5. Bitcoin Seasonality March is historically most bearish month for crypto.
Considering all above facts we are expecting bitcoin to reach 30k - 20k.
Despite all these the Bitcoin can reach minimum 100k -150k mark by end of 2021.
Bitcoin (Cryptocurrency)
BTC
Cryptocurrency
Trend Analysis
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