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Benzinga
Benzinga
Business
Bibhu Pattnaik

This Crypto Analyst Thinks Bitcoin Will Retrace By 50%: Here's Why

Bitcoin Peter Brandt

According to the pseudonymous crypto analyst Capo, Bitcoin (CRYPTO: BTC) will see 50% retracement, and the overall cryptocurrency market will fall even more. 

At the time of writing, Bitcoin was trading at $39,726.34, almost 2% down in the last 24 hours. This means a 50% drop for Bitcoin would see it retrace to a price of around $19,500.

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