Analyst: BTC may fall 25% to $9,000 after reaching $12,400

According to Ethereum World News, the well-known trader Financial Survivalism recently analyzed that since the bitcoin broke through $5,800 and $8,000, the possibility of a strong callback has been increasing for some time. Survivalism predicts that once it reaches $12,400, it will begin to adjust to $9,000, which is an important level of support and resistance over the past few weeks. This goal has not yet been achieved, but given the accuracy of the $12,400 target, this 25% decline may be achieved in the near future.