'Bitcoin will crash to $2,000, followed by HODLers screams'

15 Apr, 2019 | Updated: 15 Apr, 2019
by Joeri Cant
'Bitcoin will crash to $2,000, followed by HODLers screams'

A crypto hedge fund trader, going by the Twitter handle, Jonathan @jcho710, took to Twitter to claim that Bitcoin will crash to $2,000, which will be followed by HODLers screams. However, not many share his bearish sentiment.

Despite the widespread crypto euphoria, the Korea-based trader seems to be convinced that Bitcoin’s rally past $5,000 is 'bulls**t'.

The former FX trader at the Chicago Board of Trade, admits of course that Bitcoin's sudden upward move happened, but he doesn’t believe Bitcoin's upthick can be sustained for an extended period of time, making a BTC dump to $2,000 very possible.

Read more: Argument for an incoming altcoin season

The trader further adds that Hodlers are about to be destroyed.

'Their imminent, extreme losses should crack the religious devotion to Bitcoin more seriously', he tweets, adding that a crash from $6,000 to $3,000 is 50%.

'This will be shorting from $15k+ to $6k again. Halving & 200DMA/WMA, you are about to get destroyed'.

Read more: How many Bitcoins does each country need if it replaces gold?

The short-term Bitcoin bear's view is in clear contrast with the recent Bitcoin pump which has revived the crypto market and given life and rise to new widespread euphoria coming from all over the crypto sphere.

Today Chepicap reported that Xapo chief executive Wences Casares, also a director at PayPal, said that Bitcoin may be worth more than $1 million within seven to ten years.

As well today, Tom Lee the head of Fundstrat Global Advisors and crypto’s resident bullish augur, said that Bitcoin will top $10,000 before the end of 2019.

Just last week, Chepicap's David Borman explored where Bitcoin may be headed next, pointing to Bitcoin's possibility to crack the $5600 price mark, and that Crypto Winter ends at $6000.

Last but not least, we have Max Keiser, Bitcoin defendant, Wall Street veteran and host of the Keiser Report, who as well took to Twitter to point out that Bitcoin's ATH at $28,000 is most certainly still in play.

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