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.”


Don’t miss a hit-subscribe to crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Check out the Daily hodl mix


See The Latest News Headlines

Disclaimer: Hodl opinions are not investment advice. Investors must do due diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and that you are responsible for any damage you may suffer. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, and is not an investment adviser to Daily Hodl. Remember

Join the Discussion

  • BrokerEUR/USD
    FX Pro 0.91pips. (variable) margin: 3.33%
  • Back to top