Crypto Trader Says Bitcoin Will Drop Over 50% After Reaching This Critical Level

Mehab Qureshi

16 Mar 2023 3:10 PM

Despite Bitcoin’s (CRYPTO: BTC) recent rally where it breached $26,000 in the past few days, a pseudonymous trader has warned that the bottom may not yet have been reached. ...

  • Altcoin Sherpa predicts that Bitcoin could reach $30,000 before falling by up to 50% and coming down to $15,000-levels.
  • The trader believes that the price of Bitcoin is heading lower towards $20,000 or even the $15,000s or $17,000s.
  • Altcoin Sherpa said Bitcoin could potentially retreat slightly if the macro conditions become conducive.
  • At the time of writing, BTC was trading at $24,651, down 0.80% in the last 24 hours.

The article presents a warning from Altcoin Sherpa about the potential for Bitcoin to fall significantly after reaching $30,000. The sentiment is cautious and suggests that investors should be prepared for a potential drop in price.

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Related Questions

Who is Altcoin Sherpa and what is their prediction for Bitcoin's price?
What is the potential range for Bitcoin's price according to Altcoin Sherpa?
What could cause Bitcoin to retreat slightly, according to the trader?
What is the current price of BTC and how has it performed in the last 24 hours?
Should investors be cautious about investing in Bitcoin based on Altcoin Sherpa's warning?

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