Bitcoin Price Could Keep Falling: Crypto Analyst Warns
Crypto expert Altcoin Sherpa warns of further Bitcoin drops, sees long-term growth after current sell-off.
Altcoin Sherpa, a popular crypto analyst has sent a warning to Bitcoin investors, he warned that the recent drop in Bitcoin price could lead to seven more drops in price, and he announced this on his social media platform. Sherpa suggested that Bitcoin could go lower after this sudden drop.
Bitcoin price fell below $40,500 on major exchanges, which led to a big sell-off valued at around $409.8 million. Altcoin Sherper stated that despite the drop, he still sees a bullish possibility for Bitcoin in the long term,
Be ready for more fall in Bitcoins price, he advised. But he reassured that the current drop is small compared to Bitcoin's overall trend.
According to Sherpa, Bitcoin will stabilize and then start rising again.
“Usually, it goes strong move –> one-ish month of cooling –> next leg up. If we dump, then we consolidate, then pump in January in my opinion”. He said
At the time of writing this, Bitcoin is trading at $41,887
