Billionaire: Bitcoin Unlikely to Drop to $5k, But Drop to $8.5k Would Spark Nervousness | NewsBTC

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Bitcoin (BTC) and the aggregated crypto markets have been facing a bout of significantly choppy trading as of late, which has left many analysts and traders alike scratching their heads as to where the markets could go next.

Although there has been a significant amount of talk surrounding BTC dropping to the upper-$8,000 region, one billionaire investor recently explained that he believes that it is unlikely that the crypto drops back towards its 2018 lows, but also noted that a drop to $8,500 would make him “nervous


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