Buying Bitcoin (BTC) at $8,500 is Best, Says Analyst

After falling to $9,100, Bitcoin (BTC) has managed to pick itself up from its bootstraps, rallying to $10,800. As of the time of writing this, the rally has paused, with the cryptocurrency falling back to $10,400.

Despite this strong bounce, a Bloomberg guest recently suggested that Bitcoin may have further to fall. In a segment recorded prior to the out-of-left-field resurgence, John Kolovos, Macro Risk Advisors chief technical strategist, gave his reasoning as to why BTC may move lower in the coming days.

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