- Alex Kruger Offered an explanation on how Bitcoin price can develop in the current market.
- Kruger says that Bitcoin can fall to $28,000 after reaching $32,000.
- Risk-averse investors are advised to look out for dips in Bitcoin price.
A senior economist and founder of Aike Capital, Alex Kruger, has projected a price development pattern for Bitcoin concerning the current rally. Using his Twitter account, Kruger explained that pulling back after climbing above $30,000 would be normal behavior for the cryptocurrency.
Joke aside breaking through 30k then pulling back would be normal market dynamics. Markets tend to run key round levels over, trigger stops, bring suckers in, then flush them out. And 30k-35k looks very doable.— Alex Krüger (@krugermacro) January 25, 2023
Kruger explained his position by using previous price behavior as a guide. He combined it with the soc ...
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