Bitcoin’s latest drop may have been caused by the 51% attack on Ethereum Classic

I predicted the drop would happen in advance based on chart patterns, but it did also coincide with the news of the Ethereum Classic 51% attack that Coinbase detected.

Looking at the chart patterns currently in play I predict with a 91% chance that bitcoin will drop to $3,177 USD before we see a recovery.

That means the price will retest the previous low we saw recently. Potentially an opportunity to short sell bitcoin, and buy when we see confirmation that the low is in.

About James Winsoar 116 Articles
James Winsoar has been marketing online since 1999 when he launched what was then the world's first commercial mobile phone ringtone company. He has since created several internet marketing software programs and courses. He now teaches people how to make more money in less time by leveraging the power of the Internet.

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