Could Bitcoin (BTC) Scale Back Even Further? Analyst Thinks Crypto Needs To

Bitcoin Bull Market Might Not Have Started

Bitcoin (BTC) is very cyclical. Over its ten years as a tradable asset, it has followed a set pattern, which can be easily charted. This is why Magic Poop Cannon, an ill-titled analyst, has recently begun to raise red flags, noting that the ongoing rally might be a “huge fake out”. In a recent TradingView post, Magic laid out his thoughts on the matter, postulating why BTC could fall from here, potentially to new lows.

He explains that...

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