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.
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.