New Low Levels For Bitcoin (BTC) Price On Horizon!

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Pseudonymous analyst SmartContracter, tweeted saying that Bitcoin is set to hit a new low, after which it will spark a rally.

According to the trader’s charts, Based on Fibonacci retracement levels and the Elliott Wave Theory, Bitcoin could drop to just above $20,000.

The Analyst Predicts that Bitcoin can surge by 10%-15% once it reaches its downside target of around $20,500.