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Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise -Breaking


Scott Minerd claims that Bitcoin’s price will fall to $8K but technical analysis suggests otherwise

(BTC)According to comment by, the value of $8,000 is expected to fall more than 70%. Guggenheim chief investment fficer Scott Minerd. He has not made this call before, but he also has called bullish in the past. However, Minerd’s more recent calls have occurred just before major reversals.

As you can see, Mr. Minerd is a Bitcoin bull. He has long-term forecasts for the largest digital asset within the six-figure range. If traders or investors use his comments to predict a low market, they will need other confirmation data.

weekly Relative strength index (RSI) (Coinbase (NASDAQ:)) Source: TradingView
BTC/USD weekly Composite index (Coinbase) Source: TradingView
BTC/USD monthly (RSI), (Coinbase). Source : TradingView
BTC/USD Monthly Composite Index (Coinbase) Source : TradingView