Major Bullish Bitcoin Statement Made by Max Keiser – 'Hard Floor and No Top'

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“Bitcoin’s PPT strikes again. The BTC price has a hard floor and no top,” Keiser commented on that.In an earlier tweet today, Keiser again mentioned a “strike” made by Bitcoin PPT, when he retweeted the news about a Japanese government pension investment fund with $1.4 trillion assets under management looking into purchasing Bitcoin as part of its investment strategy.Today, the flagship cryptocurrency has demonstrated a major 7% decline, dropping from $67,580 to the $62,912 price line.

Earlier today, the founder of Capriole Investments fund and cryptocurrency analyst Charles Edwards published a tweet about Bitcoin corrections that the market is likely to face in the near future. Edwards shared that a normal Bitcoin bullrun pillback constitutes 30%. In December, he pointed, out Bitcoin already was “in the longest winning streak in history.” If a pullback of 20% takes place, Bitcoin will drop to hit $59,000. And a pullback of 30% would land BTC back on the $51,000 level. So these price marks, per Edwards, investors and traders “should be comfortable expecting as possibilities.

A normal Bitcoin bullrun pullback is 30%. Back in December, we were already in the longest winning streak in Bitcoin's history. A 20% pullback here takes us to $59K. A 30% pullback would be $51K. These are all levels we should be comfortable expecting as possibilities.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.

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