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    Bitcoin Price Retreats to Under $12,000, Here’s What Happened

    By Yuri Molchan
    Thu, 27/06/2019 - 10:30
    ?⏳Bitcoin keeps falling back and is currently under $12,000, just a day after it came close to the $14,000 mark??
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    Bitcoin Price Retreats to Under $12,000, Here’s What Happened
    Cover image via www.123rf.com
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    On Thursday, June 27, Bitcoin price has retreated from its Wednesday high of slightly under $14,000 and is currently trading below $12,000.

    The crypto market is in a sea of red.

    Article image
    CoinMarketCap.com

    Is the anticipated market reverse taking place?

    As Bitcoin price hit a new maximum on Wednesday, it had showed an over 340-percent increase after the low of $3,000 it had seen in December 2018.

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    Many experts had been expecting a correction to come soon, among them Fundstrat’s Tom Lee and the old-school trader Peter Brandt.

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    Peter Brandt

    Brandt had warned that traders may now start thinking of fixing some profits, since the "Obnoxious-Twitter-Millennial-Index" (OTMI) was registering an extreme amount of FOMO.

    However, the community in the comment feed disagreed, saying that they intend to hodl until BTC hits $50,000.

    Another expert said he would sell once Bitcoin hit $10,200. Curiously, both Brandt and Lee have predicted Bitcoin’s price to grow in the end.

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    Wed, 06/26/2019 - 16:49
    Bitcoin Price Surpasses $13,000 While This Market Analyst Predicts $15,000 in a Matter of Weeks
    ByAlex Dovbnya

    Tom Lee

    Tom Lee has made his bet on the $20,000 mark due to the increasing FOMO. Brandt has set a long-term goal of $100,000, saying that Bitcoin has started a new parabolic cycle.

    The other day, Lee posted a forecast from the chief technical analyst of Fundstrat, saying that Bitcoin’s price might be about to reverse, since it has formed a ‘double top’ pattern on the charts.

    Article image
    https://twitter.com/fundstra
    #Bitcoin News #Bitcoin Price Prediction #Tom Lee
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