Long-term TA trader “Mr. Anderson” has taken to Twitter to share his take on Bitcoin’s latest bump in the road.
According to CoinMarketCap data, the price of the number one coin by market cap has fallen by more than two percent over the last 24 hours. BTC is holding on for dear life above the $10,000 level at press time.
However, Mr. Anderson doesn’t want Bitcoin traders to be distracted by this noise, so he presented his macro analysis that spans BTC’s price action since 2013. Even though there is a high probability that Bitcoin’s failure to print a daily close above $10,200 will lead to a market dump, he insists that there are “dynamic friends” who always put Bitcoin back on its feet right after each serious correction.
There is a decent probability that the scenario will play out this time around.