Analyst Thinks Bitcoin’s Pump Toward $14,000 “Seems Fishy”

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Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as the price action has tapered off after the $14,000 break on Saturday. The chart below was shared just recently, showing that BTC has formed “three drives into major resistance” and may thus face a pullback if a followthrough doesn’t take place. The analyst added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher: “Short again on $BTC,…

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