The worst-case scenario for Bitcoin in the short term, according to trading veteran Thun Weiss

Veteran Cryptotrader and analyst ton Weiss lays out his worst-case scenario for Bitcoin in the short term.

In a recent strategic session with chain analyst Willie Wu Weiss, he said Bitcoin’s recent $ 42,000 breakthrough made him less convinced of a significant drop in BTC as he expected King crypto to hit an all-time high.

 
“I still think there will be a small retreat. At first, I thought the retreat would reach $ 35,000 at worst before it hit new record highs. Now September is when we reach $ 42,000 and change, I think the retreat should not fall below $ 37,500 before we go back to the 1940s and get somewhere in August or early September. This is actually my overview of bitcoin.”

Weiss’s perspective is a change from the cryptanalyst’s earlier prediction that Bitcoin initially expected a “delivery day,” in which BTC would print a new layer by 2021. Now Weiss believes that the June 21 low of $ 28,675 will probably no longer be seen as long as bitcoin claims the $ 42,000 level.

“Are we going to do another little compression? I think we’re still in the” touch ” zone at the moment, but if we go back to $ 42,000, I think it’s up to $ 50,000.”

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