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Cantering Clark Says Bitcoin May Decline Below $55,000 After Dull All-Time High

Cantering Clark, popular crypto trader analyses Bitcoin’s breakout to new all-time highs.
Then, concludes Bitcoin (BTC) may decline below $55,000 before moving higher.

Additionally, Cantering Clark goes on to enlighten his 79,000 Twitter followers.
Notably, stating that $55,000 and $65,000 price areas are key entry levels for Bitcoin investors.

“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.”

Additionally, Cantering Clark goes on to say how Bitcoin will decide between another retest or an immediate breakout.
Then, before it moves to another position.

“My positioning – Still out swings/positional trades until reclaim of ATH [all-time high] for BTC…”
“Only focusing on lower timeframe activity unless Bitcoin…”
“reclaims that level or comes down to test a significant level.”

More so, Cantering Clark makes prediction of a possible drop to around $55,000. Of course, He also notes Bitcoin’s less-than-stellar performance. That’s of course, after briefly crossing its previous all-time high of around $64,000.

So, Cantering Clark explains.
“One problem with Bitcoin, in particular, is everyone looks to previous cycle behavior…”
“to confirm current behavior, in something just over a decade old…”
“Having gone through changes in context and regime you should expect…”
“new things to occur. Like a lackluster ATH break for example…”

Lastly, Cantering Clark concludes.
“Yes. Lackluster. If a level is deemed to be very important by the market,..”
“then the response and amount of participation at that level should be significant.”

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.