Analyst Who Called Bitcoin’s Drop To $30,000 Believes It Could Fall To $20,000 Imminently

Analyst Who Called Bitcoin’s Drop To $30,000 Believes It Could Fall To $20,000 Imminently

Bitcoin financial decline with golden coin Carter Braxton Worth, founder of Worth Charting and frequent CNBC contributor, emailed charts to clients on Saturday, May 7, that Bitcoin BTC could fall from around $34, 500 to $30, 000. In fact, over the next 5 days it not just broke down to $30, 000 but got as low as $25, 000. This was the chart he sent out on May 7 showing the direction he believed Bitcoin would move. It is trading around $29, 000 in the middle of Friday afternoon. He sent out a series of emails today, Friday, May 20, showing that Bitcoin's next move could be down to $20, 000. In one of the emails today he wrote, "Bitcoin was trading at $36, 000 and just "felt heavy/looked heavy." In that event, Bitcoin plunged the ensuing 5 days, down not only to $30, 000, but as low as $25, 000 for a brief moment, intraday, on May 12th. Ever since, Bitcoin has been backing and filling, consolidating, biding its time, at the key $30, 000 level." He added, "It's our judgment now, that the next down leg is imminent. Which is to say, just as Bitcoin felt/looked especially vulnerable