{"id":269125,"date":"2021-06-08T16:00:00","date_gmt":"2021-06-08T13:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-will-dip-to-25k-if-this-traders-20-crypto-crash-forecast-comes-true\/"},"modified":"2021-06-08T16:00:00","modified_gmt":"2021-06-08T13:00:00","slug":"bitcoin-will-dip-to-25k-if-this-traders-20-crypto-crash-forecast-comes-true","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-dip-to-25k-if-this-traders-20-crypto-crash-forecast-comes-true\/","title":{"rendered":"# Bitcoin will dip to $25K if this trader&#8217;s 20% crypto crash forecast comes true"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35fd98c9c7c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35fd98c9c7c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-dip-to-25k-if-this-traders-20-crypto-crash-forecast-comes-true\/#Crypto_to_see_%E2%80%9Cabsolute_carnage%E2%80%9D_within_days\" >Crypto to see &#8220;absolute carnage&#8221; within days?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-will-dip-to-25k-if-this-traders-20-crypto-crash-forecast-comes-true\/#No_hint_of_upside\" >No hint of upside\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin will dip to $25K if this trader&#8217;s 20% crypto crash forecast comes true <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) is heading for &#8220;absolute carnage&#8221; which will result in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> to around $25,000, a popular trader has warned as bullish signals dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear for BTC\/USD.<\/p>\n<p>In characteristically direct tweets this week, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Cobra Crypto warned that 20% is about to be shaved off the entire cryptocurrency market cap.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_to_see_%E2%80%9Cabsolute_carnage%E2%80%9D_within_days\"><\/span>Crypto to see &#8220;absolute carnage&#8221; within days?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin has suffered from downside over recent days despite &#8220;feelgood&#8221; <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> stories from the Bitcoin 2021 conference, including adoption in Latin America.<\/p>\n<p>Now, after BTC\/USD lost 9% overnight, attention is turning not to a recovery, but a deeper price dip to test hodlers&#8217; &#8220;diamond hands.&#8221;<\/p>\n<p>According to Cobra Crypto, the size of the capitulation will cost $30,000 support which remained during the May retracement.<\/p>\n<p>&#8220;Absolute carnage within next 5 days or you can tell me how wrong I was,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CobraCrypto\/status\/1400822348278865920\">wrote<\/a> on June 4.<\/p>\n<p>An update gave a time limit of 48 hours from Monday for the fresh losses to enter the market. Bitcoin, he argued, would not stop at $32,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This isn&#8217;t even the dump. Just wait another 48 hours max.<\/p>\n<p>\u2014 Cobra Crypto (@CobraCrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CobraCrypto\/status\/1402014750997946373?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, BTC\/USD traded at $33,000, having toyed with $32,000 repeatedly over the course of Tuesday.<\/p>\n<p>Cobra Crypto <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CobraCrypto\/status\/1402072047732264966\">added<\/a> that he would &#8220;scale back in&#8221; to Bitcoin at prices below $28,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-06\/d528773a-8b48-4260-a34c-26bfda69cc0b.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"No_hint_of_upside\"><\/span>No hint of upside\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin&#8217;s problems are meanwhile already spilling over into altcoins, some of which previously managed to buck to overall downtrend to deliver solid gains to holders.<\/p>\n<p>With the exception of Theta Fuel (TFUEL) and exchange iFinex&#8217;s Unus Sed Leo (LEO) token, the entirety of the top 50 cryptocurrencies by market cap was in the red on Tuesday.<\/p>\n<p>A 20% reduction would bring the overall cryptocurrency market cap down to around $1.13 trillion, still preserving its trillion-dollar status.<\/p>\n<p>Crypto Cobra was not alone in predicting negative price moves. As Cointelegraph reported, fellow trader Crypto Ed is also betting on a further downturn for Bitcoin.<\/p>\n<p>&#8220;Beware, I think we still get 1 leg down, the bounce is weak,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1402211704981819393\">warned<\/a> in his latest update. <\/p>\n<blockquote><p>&#8220;BTC 32k or lower ETH 2400 or lower.&#8221;<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-will-dip-to-25k-if-this-trader-s-20-crypto-crash-forecast-comes-true\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin will dip to $25K if this trader&#8217;s 20% crypto crash forecast comes true &#8221; Bitcoin (BTC) is heading for &#8220;absolute carnage&#8221; which will result in a trip to around $25,000, a popular trader has warned as bullish signals disappear for BTC\/USD. In characteristically direct tweets this week, Twitter account Cobra Crypto warned that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYjQ2ZDE4NjktMmZhNi00NDYwLTg0MzYtNTliYzE0OGIyMGEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,73785],"class_list":["post-269125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269125"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269126"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}