A popular crypto strategist shared an analysis on Bitcoin and noted that $17k will be the lowest minimum in the present situation.
At the time of writing this article, the price of Bitcoin is $19,830 and this price of Bitcoin is 16% down over the last 30 days’ trade price.
This significant downfall in the price of Bitcoin took place because of the news of the infamous former Bitcoin exchange Mt.Gox releasing 125k Bitcoins to the former users, as compensation that they faced loss because of the exchange hack, which may enhance the selling pressure in the Bitcoin market.
Recently Pseudonymous analyst Altcoin Sherpa shared its analysis on Bitcoin and noted that Bitcoin may not surge to $23k within any further dump in the present situation and $19k will be a normal low price.
Altcoin Sherpa stated:
“I think we’re probably going to go to the low $19,000. It seems like the next logical bounce spot. Price didn’t have the strength to get up to $23,000 before dumping further. Price is still ranging. I do believe that $17,000 is going to come eventually.”
Further, Crypto strategist predicted that the price of Chainlink (Link) may touch $4.50, in the worst scenario, and also here we can’t perfectly say whether to stop buying Link coin or should stop here.
At the time of writing this article price, the price of the Link coin is $6.33 and this price is 18% down over the last 30 trade price value.