A popular crypto analyst says he does not see Bitcoin (BTC) triggering another meltdown amid fears that stocks, as well as the cryptocurrency markets, could continue to drop.
In a new strategy session, the anonymous host of InvestAnswers tells his 440,000 YouTube subscribers that there is a limit to how far Bitcoin could fall because many people who missed out on previous BTC rallies are ready to jump in below the $30,000 level.
“Normally when people predict so much doom and gloom, it is the bottom. We’ve seen the stock market [and] the S&P 500 rally off of $3,800 back up to $4,150. We’ve seen tech stocks rebound. We’ve seen the bifurcation of winners and losers.
I think the odds… simply put, it’s very hard to price them right now. Again, I go back to [how] I know so many people that missed Bitcoin the first time around, the second time around, the third time around, the fourth time around.
They’ve seen where it was, they’ve learned about it over the past couple of years and...
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