Historically Accurate Analyst Calls for a Bitcoin Drop To $15,500-16,000

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Bitcoin has exploded higher over the past few weeks amid mass institutional and retail buying pressure. There are some that are calling for a correction, though. A historically accurate analyst recently said that Bitcoin may soon be sent to “$15,500-16,000.” Another analyst agreed with this sentiment, noting that BTC is breaking below a parabolic uptrend. Bitcoin Could Be Preparing For a Correction, Analysts Say Bitcoin has exploded higher over the past few weeks amid mass institutional and retail buying pressure. There have been countless billionaires and big firms announcing their support for the cryptocurrency, forcing retail investors to look more closely at the coin. While many doubt that these investors are selling their coins, some fear Bitcoin will face some selling pressure in the days and weeks ahead. After all, Bitcoin has gained approximately 70% in the span of six weeks, outperforming basically all other assets over that time frame.…

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