Bitcoin dropped $12,000 in two days, hitting $96,000 on Dec. 19, with analysts predicting further downside. Liquidations reached $900 million as retail and institutional investors reacted to the sell-off.
Crypto analyst BitQuant, who predicted Bitcoin’s breakout to $95,000, warned that the $90,000 dip was not the bottom. Using Elliott Wave theory, he projected a potential low in the mid-$80,000 range.
“Enjoy life until the spaceship to the moon is refueled,” he advised, hinting at a longer wait for recovery.
Source: Cointelegraph
