‘Violent’ Bitcoin Price Correction to $3000 Could Ring Dramatic Reality Check

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By CCN: As the bitcoin price shatters past $8,600, analysts are desperately throwing out wild new price targets. $10,000 in the next week. $30,000 by the end of the year. $1 million by 2020! But one trader is less optimistic. Posting their analysis on TradingView, they warn that bitcoin is still in a bear market and may suffer a “violent” correction back to $3,000. “I’m becoming increasingly convinced that the bear market is not over, and that this is a bear market rally… I think as soon as we roll over, it’s going to be very violent. In fact, I

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