According to cryptocurrency analyst Crypto Tony in a tweet he shared with his more than 300,000 followers, he expects Bitcoin’s price to drop to the $31,000 – $32,000 level over the next few weeks.
With the price of Bitcoin presently at $35k, Crypto Tony is sticking to his plan that Bitcoin will face rejection around current levels and descend to retest lower support.
He predicts that once Bitcoin declines to $31k-$32k, altcoins will benefit from picking up liquidity flows.
Crypto Tony believes a minor “altcoin season” could occur when Bitcoin falls to that range, as money rotates out of Bitcoin into alternative cryptocurrencies.
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In summary, Crypto Tony forecasts Bitcoin dropping to $31k-$32k within two weeks, which he thinks will coincide with increased upside momentum and gains for the altcoin market.
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