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Top Bitcoin analyst flips bullish after predicting the 20% retracement last week

Top Bitcoin analyst flips bullish after predicting the 20% retracement last week

Photo by threeedil on Unsplash

Since peaking at local highs of $12,075 last week, Bitcoin has experienced a strong drawdown as depicted in the chart below.

The leading cryptocurrency has fallen as low as $9,995 as of this article’s writing and has traded even lower than current levels as sellers have ravaged the BTC price.

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