Sunday, January 24, 2021

Trader Who Predicted Last Crash Says Bitcoin (BTC) Could See another Massive Dump

Henrik Zenberg, a macro-economist and crypto trader, who predicted the last significant dump of Bitcoin price, has recently averred that BTC looks fragile, which indicates a possible dump from $7,300 price region.

For the past few days, Bitcoin (BTC), the largest cryptocurrency by market cap, has been changing hands above $7,000.

This growth instability makes some crypto analysts envisage a possible price crash, while some others, such as Tone Vays, remain bullish.

Henrik Zenberg Says Bitcoin (BTC) Looks Fragile

Moments ago, Henrik Zenberg, a macro-economist and crypto trader, took to Twitter to hint at his observation regarding the price trend of Bitcoin (BTC).

“Bitcoin looks fragile here….!” Henrik Zenberg shared.

Meanwhile, Henrik Zenberg predicted the price dump of Bitcoin (BTC) from $9,200 to $3,000 price region.

On 1st February 2020, Zenberg tweeted that Bitcoin Wave C in 5 waves would bring the price of the digital currency down to $2,000.

“Bitcoin Wave C in 5 waves should bring us down to ~2000 USD. Often trendline set by wave 2 through 4 – gives the bottom of wave 5 (through 3). I will eventually buy- but not yet…… not yet…..!” Henrik Zenberg shared

Afterward, BTC dropped by relatively 60% to $3,800 in a matter of days, before another price resurgence. At press time, BTC is trading at $7,309.91, with a 0.13% price increase in the last 24 hours.

Henrik Zenberg Says Bitcoin (BTC) Price Could Drop to $1,000 Price Level

According to the tweet shared by Henrik Zenberg on 7th April, Bitcoin (BTC) and Gold could experience another massive sell-off.

He then predicted that this could dump the price of Bitcoin to $1,000 price level before it could bottom.

“Bitcoin and Gold are so misunderstood at this point! We have strong illiquid phase in front of us. SP500 from ~2600 to ~1800. That is another ~30% drop! Everything will be sold off! I have take my target for Bitcoin down to ~1000 USD before bottom,” Henrik Zenberg.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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