Analyst believes we could see BTC drop to $8,500, before surging to $13,800

Well-known, crypto analyst and trader, going by the Twitter handle, ImBagsy, suggested in a recent tweet that Bitcoin could rally towards the $11,500 price mark, only to drop back to $8,500.
Analyst believes we could see BTC drop to $8,500, before surging to $13,800
The crypto analyst believes that the world's most popular crypto coin could rally to hit $11,500, and drop back as far as the $8,500 price level, where BTC would establish a new a strong base from where it could once again surge to a new 2019 high of $13,800.
The analyst seems to be very confident about this price prediction, as he tells us to 'stick it on your fridge'.
According to Bagsy’s model, Bitcoin could hit the $13,800 price mark, before the end of October.
However, many of ImBagsy followers don't seem to agree with his prediction.
Others are excited to be able to scoop up some extra BTC on the cheap.
What do you think? Will we see $8,500 before we see $13,800? Let us know in the poll below.

Analyst believes we could see BTC drop to $8,500, before surging to $13,800 Analyst believes we could see BTC drop to $8,500, before surging to $13,800 Reviewed by Chaudhry on June 25, 2019 Rating: 5