Bitcoin could drop to $100: Kim Cramer-Larsson, Saxo Bank technical analyst..

Saxo Capital Markets Australia

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Bitcoin could drop to $100: Kim Cramer-Larsson, Saxo Bank technical analyst... Less than 12 months ago, the price of a bitcoin was $1072 but in the past three months Bitcoin's average price has more than halved from $634 to $305 from July to October. Saxo Bank technical analyst Kim Cramer-Larsson says that from a technical analysis point of view, it is unsurprising Bitcoin is dropping from its all-time high of just below $1,200 to its recent price of $300, and believes the cryptocurrency has drawn a typical bubble pattern. Cramer-Larsson believes bitcoin's correction could drop to around $100. (VIEW LINK)


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