Analyst Who Called March’s V-Shaped Reversal Says Bitcoin May Drop to $15k


Bitcoin has exploded higher in the past week, moving as high as $15,975. The coin currently trades for $15,600. Though, analysts think that the cryptocurrency could drop toward $15,000. One such analyst that called this is the same one that predicted Bitcoin’s V-shaped reversal in March. Bitcoin Could Retrace Toward $15,000, Analysts Say Bitcoin has exploded higher in the past week. Since the weekly lows of $13,300 that was triggered due to the election, the coin has exploded as high as $15,975. The coin is up 50% in the past month and above 10% in the past seven days alone. The price of the leading cryptocurrency currently is $15,600, with Bitcoin facing a slight retracement over the past few days. Bitcoin’s drop has resulted in a rally in the price of altcoins, as capital is cycling from BTC profits into other cryptocurrencies. Despite Bitcoin holding strong in the $15,000 range,…

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