- Mixed reactions follow Bitcoin’s recent price action.
- A crypto analyst predicts that Bitcoin has met its doom and would drop below $10,000.
- The analyst accuses Wall Street of robbing the public in a crypto heist.
Bitcoin’s recent behavior has generated mixed reactions , especially among top analysts. Analysts’ projections about the future of cryptocurrency highlight their sentiment and the level of support they have for digital assets.
Experts who believe in Bitcoin’s growth consider the current behavior a temporary pullback, while opposing voices think the pioneering cryptocurrency has run its course and is destined to fail.
Analyst Dispute On X Platform
A discussion between two renowned crypto experts on X highlighted the divided opinions of digital asset users, splitting them into opposing groups.
The first experts noted his recent appeal toward BTC, citing how he has made his largest Bitcoin purchase in the last six months. According to the expert, the buying opportunity was a “fire sale” he could not ignore.
An opposing voice renowned for criticizing Bitcoin responded to the initial post by describing the latest bull run as a bubble created by a Wall Street hoax and stablecoin fraud. According to the Bitcoin critic, the recent BTC price decline signals a bubble burst, making it the worst time to buy Bitcoin.
Related: CZ vs. Analysts: Is Bitcoin Following or Breaking Past Cycles?
Critic’s Bearish Prediction
In the meantime, the critic predicted the current Bitcoin crash would continue until the digital asset’s price drops below $10,000 and claimed his prediction was 99.99% accurate. It is worth noting that the Bitcoin critic did not provide any unique data for his prediction. However, his recent posts on X highlight the events that may have triggered the recent crypto market decline, including ETF selloffs and changing government policies.
Related: Bitcoin Crashes Alongside Massive Spot BTC ETF Outflows
The critic made several posts in the last week of February, reporting potentially damaging events in the crypto industry. On one occasion, he highlighted BlackRock selling off 5,000 Bitcoins in one day, describing it as the most significant outflow since the ETF launch. The analyst claimed the Bitcoin setup is a calculated rug pull by Wall Street to deprive the people.
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