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Can analysts maintain ‘$100,000 in 2021’ prediction for Bitcoin, after weekend slump
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ambcrypto.comBitcoin is back up above the $50,000 level after a recent slump over the weekend. Could the steep correction be a possible roadblock in its $100k year-end price prediction?
Ballet Crypto CEO Bobby Lee recently told Bloomberg that the market is still in a bull cycle, adding,
“We’re still in it and of course within the bull cycle we do have corrections…”
Going forward, he also predicted that Bitcoin is unlikely to go below $40,000 until its “peak out later in the bull market.” And the reason he believes that the current cycle is yet to see a peak is the fact that the BTC price has not doubled over a few days or even two weeks.
Further, talking about the weekend mayhem, Lee blamed the sharp correction on some “greedy Bitcoin traders”. He
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