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Bitcoin is Currently Experiencing A “Disbelief” Rally: Analyst

Published 11/12/2023, 05:06 PM
Updated 11/12/2023, 05:15 PM
© Investing.com Bitcoin is Currently Experiencing A “Disbelief” Rally: Analyst
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  • The crypto market is currently experiencing a “disbelief” rally, according to Ali.
  • Ali noted that the current crypto market rally would soon correct.
  • A correction would push Bitcoin’s price to $35,000, or at most $30,000.

The crypto market is currently experiencing a “disbelief” rally, according to Ali, the renowned crypto analyst. In a post on X (formerly Twitter), the analyst used the Wall Street Cheat Sheet market cycle analogy to assert that the current crypto market rally would soon correct.

Ali noted that the crypto market’s current state will face skepticism, leading to a price correction that energizes the bear to say, “I told you so.” However, he predicted that the upcoming Bitcoin price correction would be a brief phase that would precede a bull run with significant upside potential.

The “…

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