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Wall Street Veteran Believes Bitcoin and Ethereum Look “Ominously” Bearish

Wall Street Veteran Believes Bitcoin and Ethereum Look “Ominously” Bearish

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Well-known technical analyst Carter Worth predicted that the price of Bitcoin and Ethereum will fall

Disclaimer: The opinion presented here is not Investment advice – it is for information only. It does not necessarily reflect the opinion of U.Today. There are risks associated with every investment and every trade, so you should always do your own research before making any decisions. We don’t recommend investing money you can’t afford to lose.

American stock market strategist and financial analyst Carter Worth has stated that Bitcoin (BTC) and Ethereum (ETH) are both “hovering ominously” in the event of a fault.

BTC
Image creator @CarterBWorth

Worth believes that both cryptocurrencies are likely to go lower.

The warning from the Wall Street veteran came after the price of Bitcoin fell to an intraday low of $19,458 on the Bitstamp exchange.

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The largest cryptocurrency showed signs of recovery earlier this September, but its modest gains were overshadowed by higher-than-expected inflation data released on Tuesday.

On Thursday, the top cryptocurrency once again fell below the $20,000 level, due to another bearish trend in the US stock market.

Earlier this September, technical analyst Scott Redler predicted that Bitcoin could fall to $10,000 if it fails to hold the $17,600 support level.

Bitcoin’s market cap is currently $376 billion. The cryptocurrency is down 71.48% from the record high recorded last November.

Source: https://u.today/wall-street-veteran-believes-bitcoin-and-ethereum-look-ominously-bearish



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