Bitcoin Headed For 30% Pullback? This Trader Thinks It’s A Sign Of Strength
Renowned cryptocurrency analyst Cold Blooded Shiller has expressed concerns about the potential for a significant correction in the price of Bitcoin (CRYPTO: BTC). What Happened: In an April 16 tweet, Shiller acknowledged the current strength of Bitcoin, attributing it to various factors such as ETFs, fundamentals and the Bitcoin halving. However, he also raised concerns about the historical tendency of Bitcoin to experience 30% pullbacks. “What happens to the landscape if BTC does head down for a -30% correction and into the 51ks,” he questioned. Shiller further noted that while many are trea…