Asset Manager Warns of ‘New Lows’, Predicts Bitcoin Price Crash to $1,000

According to Tyler Jenks, the president of Lucid Investments, bitcoin could fall back to $ 4,200 in the near future and may eventually drop to $ 1,000. He said: I have not commented on Bitcoin since we broke up through the $ 4,000-4,200 resistance zone. I believe we are headed back down to that zone and it will not hold. New lows coming. Target of $ 1,000 unchanged. The prediction of Jenks was released as the bitcoin price showed signs of a retracement on April 11. In the last 24 hours, the bitcoin price dropped from its 2019 high at over $ 5,400 to briefly

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BMO Warns US Stock Market Could Crash to ‘Ugly’ December Lows

A critical re-test of December lows could place severe pressure on the US stock market. With the Dow already reeling from five straight days of losses, BMO’s chief analyst Russ Visch warns things could get “ugly” for the index and its peers, the S&P 500 and Nasdaq. BMO: S&P 500 Crosses Critical Selling Trigger ZeroHedge outlined the S&P 500’s drop below 2,750 as a “critical selling trigger,” warning that commodity traders have now started to sell. Adding to the bearish outlook, the Bank of Montreal’s Russ Visch proclaims that the “goldilocks” rally has ended – “goldilocks” referring in economics to

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Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows

The bitcoin price posted its first monthly gain in February after a dismal seven-month drought. However, technical analysis suggests the original cryptocurrency could crater to new lows because a downtrend appears to be forming. Bitcoin Price Spiked 11% In February Mati Greenspan is a senior market analyst at Tel Aviv-based crypto trading platform eToro. He told Bloomberg that February’s 11% spike in the bitcoin price is encouraging, but it isn’t out of the woods yet. Greenspan noted that trading volume has rocketed to a 12-month high. After six months in the red, it’s great to finally close one in the

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