Will Bitcoin Drop to $ 30,000?

Will Bitcoin drop to $ 30,000? Is $ 30,000 possible for BTC that dropped to $ 45,000 after reaching $ 65,000?

The downward movement of the Bitcoin (BTC) price, which started from $ 65,000, lasted up to $ 45,000 with the tweets of Tesla's founder Elon Musk. After dropping to $ 45,000, the leading cryptocurrency BTC, which rose to $ 50,000 with response purchases, could drop to $ 30,000, according to a famous analyst.

Gareth Soloway Warns

Gareth Soloway, chief market strategist and renowned analyst at InTheMoneyStocks, stated that after Elon Musk's tweets and imbalances, Bitcoin could correct up to $ 30,000. Soloway warned Kitco that if Bitcoin went below $ 30,000, it could pull back to $ 20,000. Stating that it is not uncommon for the bitcoin price to correct close to 50 percent, Soloway underlined that $ 30,000 is a highly possible target. Soloway made the following statements: “I'm still waiting for the head and shoulders formation to break and drop to at least $ 30,000, from here to $ 20,000. Remember that the record for 2017 is $ 20,000.”