If you’re taking solace in Bitcoin’s recovery over the last few days, it may be time to catch your breath. According to one veteran analyst Fil₿ Fil₿, we’re about to see a Bitcoin price crash to as low as $3.8K.
Hold tight. Things are about to get ugly. Experienced Bitcoin trader Fil₿ Fil₿ posted out his analysis on the price movement of Bitcoin last night. And it’s not at all pretty.
He didn’t provide any further comment in his tweet. The chart pretty much speaks for itself. You can see Bitcoin forming a bullish double bottom, retesting the same lows it hit earlier this month sometime in the next couple of weeks. This same pattern has been seen two times before in Bitcoin’s chart over the last 6 months, and has typically led to new highs.