A famous crypto trader known as “The Crypto Dog” in the community has predicted that Bitcoin (BTC) could fall again to $3500 before the next bull rally, CCN reported on Mar. 22. According to him, market conditions have remained almost the same over the last several days. Even in the case of another rally attempt, he remains cautious with new positions. He said:

“I think we could still see $35XX… Decent chance we just saw that ‘one more leg up.’ I greatly reduced exposure up here above $4,000. Waiting for $3,5XX for long entries. I’d love an opportunity to short $4,1XX, but not sure if we’ll see it.”

Meanwhile, controversial bitcoin bull and antivirus pioneer John Mcafee predicted that by December 2020 Bitcoin price will reach $1 million. He promised ‘to eat his own dick’ if his Bitcoin price prediction doesn’t come to pass.

Even Jamie Dimon, the CEO of banking behemoth JP Morgan Chase who previously called Bitcoin a fraud is now pushing his firm headfirst into the cryptocurrency world. “I regret…

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Source: https://thebitcoinnews.com/crypto-trader-says-bitcoin-will-drop-to-3500-before-we-see-a-major-bull-run/