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I just saw that Michael Terpin is warning about a possible drop in Bitcoin. He says we could see $40k before any real recovery, so forget about $80,000 for now.
The truth is, there has been some movement preceded by volatility in the market lately. With Bitcoin hovering around $74,000 right now, there's plenty of room for it to fall if things get ugly. Terpin is a major player in this space, so when he talks about deep corrections, people tend to listen.
I don't know if it will hit exactly $40K, but the point is the market could experience more pain before really taking off. It's worth paying attention to these levels if you're a trader. Is anyone else seeing the same thing on the charts?