Cantering Clark
Resolved (1)
- ✓
Near Bitcoin's late-2021 all-time high, Cantering Clark said BTC could decline below $55,000 before continuing higher, naming the $55,000 and $65,000 zones as the only areas he would 'get really aggressive' as buy entries, while staying out of swing/positional trades until BTC reclaimed its all-time high.
“Clark suggests Bitcoin could decline below $55,000. He identifies the $55,000 and $65,000 price ranges as prime areas for investors to consider entering the market. ... 'As far as swings go and meaningful deployment of capital, these are the only two areas where I would get really aggressive... If the drop scares you, just look back to a similar structure in February.' ... 'My positioning - Still out swings/positional trades until reclaim of ATH [all-time high] for BTC...'”
Said BTC could decline below $55,000; it subsequently fell to a low of $15,460 — the sub-$55k decline call was realized.