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I Believe $17k Is Going To Come Eventually: Altcoin Sherpa

I Believe $17k Is Going To Come Eventually: Altcoin Sherpa

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A popular crypto strategist shared an analysis of Bitcoin and stated that $17,000 is the lowest minimum in the current situation.

At the time of writing this article, the Bitcoin price was $19,830 and this Bitcoin price is 16% lower than the last 30 days trading price.

I believe $17,000 will come eventually: Altcoin Sherpa 1

This significant drop in the price of Bitcoin was caused by the infamous ex-Bitcoin exchange Mt.Gox giving away 125,000 Bitcoins to ex-users as compensation for what they lost in the exchange hack, which may increase selling pressure in the Bitcoin market.

Recently, Pseudonymous analyst Altcoin Sherpa shared his analysis on Bitcoin and stated that Bitcoin may not rise to $23,000 in the current situation in any future and $19,000 is the normal low price.

Altcoin Sherpa said:

“I think we’ll probably go to $19,000. That seems like the next logical place to bounce. Price didn’t have the strength to go up to $23,000 before the dump. Price is still moving. I think $17,000 will come eventually.”

Also, the Crypto strategist predicted that the price of Chainlink (Link) may rise to $4.50 in the worst case, and here again we cannot fully say whether to stop buying Link coin or stop here.

The price of the link

At the time of writing this article, the price of Link coin is $6.33 and this price is 18% lower than the value of the last 30 trades.

Also Read: Former SEC Chairman Deliberately Decided NOT to Implement an Era of Regulatory Clarity, Says John Deaton



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