Ansem Turns Short-Term Bearish, Says Bitcoin Could Fall to $70,000
Photo: TokenPost
Trader Ansem said Oct. 29 that he had turned short-term bearish on crypto, citing weakening U.S. stocks as a risk and saying Bitcoin (BTC) could fall to around $70,000. Ansem said he reduced positions, took profits and opened some short positions in recent days. He sees major stocks as having risen sharply, with large unrealized gains and few substantial pullbacks. He said investors are beginning to reduce risk and take profits, and that U.S. markets may be nearing the end of a macro cycle as capital exits.
Source: TokenPost
