A popular crypto analyst is sounding the alarm for altcoin investors.
Bitcoin Could Take a Dive
The analyst, known as Credible Crypto, believes Bitcoin could drop by as much as 22% from its current price. If this happens, it could spell trouble for altcoins.
“If Bitcoin starts to fall and hits $53,000, expect a big drop in altcoins,” the analyst warned.
Altcoins at Risk
The analyst thinks Bitcoin’s recent rally has ended and a significant pullback is coming. This could lead to a “bleed down” for some altcoins, although others might bounce back quickly.
Ethereum More Vulnerable
The analyst is even more bearish on Ethereum than Bitcoin. They believe Ethereum is more likely to hit new lows than Bitcoin.
Buy the Dip?
While the analyst sees a potential crash on the horizon, they also see a buying opportunity. They believe Bitcoin will eventually surge to over $100,000.
Disclaimer:
This is not financial advice. Always do your own research before investing in cryptocurrencies. /p>
