Bitcoin (CRYPTO: BTC) is down 3% over the past 24 hours, dropping as low as $92,000 on Monday morning, but traders and analysts remain upbeat about the crypto king’s prospects.
What Happened: Cold Blooded Shiller commented “horrifying” on altcoins tumbling to levels unseen in three years, a move that saw $2 billion liquidated across 1 million traders.
The trader also warned against overtrading or chasing losses, suggesting to wait for consolidation before making moves.
“Opportunities will come, but chasing rarely ends well”, he said.
Given the current aggressive climate—news impact, trade wars, and unpredictable conditions—Shiller suggests trading only within one’s comfort zone.
Crypto …
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