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If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder

  • Yuri Molchan
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    Now Bitcoin is trading above $8,000, but should it go down, Michael Nye, a Titan Ventures co-founder, says he will buy it immediately

If Bitcoin Price Dips Under $8,000, I’m Buying, Says Titan Ventures Co-Founder
Cover image via news.u.today

Recently, the Bitcoin price experienced a major correction when it lost over $1,000 within a few hours and around 15 percent within a week.

Many prominent investors and Bitcoin bulls, such as Mark Yusko from Morgan Creek Capital, or the angel investor Anthony Pompliano, published Twitter posts saying that it is time to buy BTC while it has gone cheaper.

Now, a co-founder of Titan Ventures and the creator of the Coindust app, Michael Nye, has taken to his Twitter handle to announce that whenever Bitcoin price goes under $8,000 he goes and buys it to receive higher yields later on.

At the time of writing, Bitcoin is exchanging hands at the price of $8,207.

BTC price
Image by Coinmarketcap

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Earlier on Wednesday, U.Today reported that one of crypto traders, "Credible Crypto", voiced his opinion that the Bitcoin price is going to head for the $14,000 level.

 

Are you expecting the Bitcoin price to rise soon or will it continue to go down? Feel free to share your opinion with us in the comments below!

Subscribe to News.U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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