Bitcoin (BTC) Needs To Revisit $3,000 By October, Bearish Analyst Notes

No matter how the Bitcoin (BTC) price acts, bearish analysts always make their voices heard. Once the crypto asset exploded above $8,400 on Sunday, pushing to a smidgen shy of $9,000, these somewhat cynical traders have come out of the woodwork to suggest that the party for Bitcoin may soon end.

In a recent analysis posted on Trading View, analyst Magic Poop Cannon, who purportedly called November and December’s downturn, suggested that Bitcoin’s recent move to $8,000 and beyond is still a part of a large “bear market rally.” He suggests that BTC may soon roll over, returning to a state where bears have control of the wheel, adding that this move may be “violent”.

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