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The present Bitcoin cost cycle is concerning an end, and also before the price proceeds its upward trajectory, it needs to initially remedy downwards, stated Clem Chambers of InvestorsHub.
Chambers informed David Lin, support for Kitco Information, that the cost will likely deal with to $20,000 before a "crypto winter months", a period of price stagnancy, takes place. Afterwards, a rally to brand-new all-time highs, possible $120,000, is feasible.
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Bitcoin needs to crash to this level before skyrocketing to $120k – Clem Chambers
The current Bitcoin price cycle is coming to an end, and before the price continues its upward trajectory, it must first correct downwards, said Clem Chambers of InvestorsHub.
Chambers told David Lin, anchor for Kitco News, that the price will likely correct to $20,000 before a “crypto winter”, a period of price stagnation, takes place. After that, a rally to new all-time highs, potential $120,000, is possible.
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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