Bitcoin Stands Risk Of Price Correction, Warns Cryptocurrency Analyst
Cryptocurrency expert raises alarm that there's a high probability that BTC may experience a massive correction, regardless of the bitcoin halving approaching. The crypto expert Gaah, mentioned that the current position of the cryptocurrency market is volatile.
Gaah emphasized that this is even more risky for leveraged traders. Gaah predicted that due to the current pressure on the cryptocurrency market, a correction may occur that will cause the present price of Bitcoin to see a significant drop.
Gaah stated that the current sentiments of excitement in the crypto markets, signifies that there's too much of greed in traders and investors. And this can lead to a drop in price of Bitcoin before it reaches a new All Time High (ATH).
This analysis of the cryptocurrency market by Gaah, was after Bitcoin showed a revival from the dip in the last 3 weeks; in which Bitcoin dropped from $73,700 - its current all-time high on the 14th of March, to a lower price of about $62,000. Although, Gaah predicted a surge in BTC price after the halving.