Crypto Analyst Predicts Bitcoin Headed To This Level And Will 'Likely Bottom Out There Soon'

A pseudonymous analyst on Twitter said that apex crypto Bitcoin BTC/USD could soon reach its bottom, dipping to $10,000.

What Happened: 'Profit Blue' told his 196,400 followers on Twitter that Bitcoin will fall 62% from its current value and hit $10,500 before 2023.

#Bitcoin is headed to $10k and it will likely bottom out there soon.
Pay attention to the details. pic.twitter.com/dgcbKWzpyk

— PROFIT BLUE (@profit8lue) December 12, 2022

See More: Best Crypto Day Trading Strategies

He tweeted, “$10k before the year ends, stay careful. Something is definitely going down. It's all in the charts.”

On Saturday, he said that $17,300 to $17, 400 is a key resistance level. “A small move up and then let it all go down,” Blue said.

A small move up and then let it all go down. #bitcoin pic.twitter.com/BXyp34EPT0
— PROFIT BLUE (@profit8lue) December 10, 2022

Price Action: At the time of writing, Bitcoin was trading at $16,932, down 1.49% in the past 24 hours, according to Benzinga Pro.