Bitcoin news LIVE – Safemoon could overtake Dogecoin as cryptocurrency rockets but Bitcoin could fall 50% within days

BITCOIN COULD PULL BACK TO $20,000

Bitcoin could pull back to $20,000, Guggenheim Partners’ veteran financial figurehead Scott Minerd has claimed.

He said BTC overstretched itself at a dangerous speed, meaning its value could have in the coming weeks.

He told CNBC’s Worldwide Exchange: “Given the massive move we’ve had in Bitcoin over the short run, things are very frothy, and I think we’re going to have to have a major correction in Bitcoin.

“I think we could pull back to $20,000 to $30,000 on Bitcoin, which would be a 50 per cent decline, but the interesting thing about Bitcoin is we’ve seen these kinds of declines before.”