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Reading: Expert Warns: Bitcoin Could Retrace to This Level
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Latest cryptocurrency news > BITCOIN (BTC) > Expert Warns: Bitcoin Could Retrace to This Level
BITCOIN (BTC)

Expert Warns: Bitcoin Could Retrace to This Level

BH NEWS
Last updated: 9 December 2023 00:03
BH NEWS 2 years ago
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Analysts who delve into Bitcoin‘s growth cycles are drawing attention to the excitement in the crypto market.

The expert points out that Bitcoin has gone through five fundamental stages that reflect the overall dynamics of the crypto market, sharing his analysis on when these stages began.

Doctor Kar shared a significant moment with investors on a social media platform, indicating a turning point in the market.

This turning point represents the end of the price drop between $16,000 and $25,000 and a potential shift in market sentiment. The market is preparing for a recovery and an upward transition.

According to the expert’s analysis, the bull phase starts between $48,000 and $69,000, with the market reaching peak values.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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