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Wall Street chartists anticipate further Bitcoin selloff that could push it to US$40,000

Bloomberg
Bloomberg5/19/2021 08:09 AM GMT+08  • 3 min read
Wall Street chartists anticipate further Bitcoin selloff that could push it to US$40,000
A cohort of chart watchers says Bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify.
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Photo: Bloomberg

A cohort of chart watchers on Wall Street says Bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify.

Evercore ISI’s Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other speculative assets, which would put Bitcoin back at US$40,000 ($53,219) compared with just under $44,000 currently.

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