cryptocurrency: Crypto Prophet returns: Pseudonymous economist Mikybull who predicted 2022 bottom says another dip is imminent
Pseudonymous economist Mikybull, who correctly predicted Bitcoin’s November 2022 bottom near $15,000, is back with a new forecast, saying another dip is coming before a potential rise. In mid-2024, Mikybull also saw the dip toward $50,000 as a buying chance before Bitcoin moved to new all-time highs.
On Nov. 21, Mikybull wrote,“$BTC macro bottom closer than a majority expected”, as stated by TheStreet. He said Bitcoin’s current price is “very close to [a] historical macro bottom” and sentiment is at “a historical low”, as stated in the report by Yahoo Finance. Mikybull also added that a drop to $60k–$50k isn’t technically possible.
Bitcoin losses and trader liquidations
On-chain data shows realized losses are spiking,…
