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The Crypto Dog: Prices of $1800 Bitcoin and $50 for Ethereum wouldn't be a surprise

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Over the past two months, the Bitcoin (BTC) surprisingly managed to hold, failing to break under the $3,000 level . This has led many traders to claim that $3000 is a key technical and psychological level that will be the bottom BTC will reach for the current market cycle. While this theory is gaining popularity, some are wary that lower lows are inbound and it is possible that Bitcoin could fall under the auspicious $3,000 level.

The well-known crypto trader, famous with the moniker “The Crypto Dog”, says he wouldn't be surprised if the cryptocurrencies fall with another 50% from their current levels. In his opinion prices of about $1800 for BTC and $50 for Ethereum are not excluded from the eventual possibilities.

While this scenario is one of the options, there is also a certain amount of optimism if the risk is kept to a minimum.


 Trader Georgi Bozhidarov

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