{"id":54056,"date":"2021-12-03T14:30:15","date_gmt":"2021-12-03T12:30:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54056"},"modified":"2025-09-03T18:19:29","modified_gmt":"2025-09-03T15:19:29","slug":"investor-billionaire-louis-navellier-warns-bitcoin-could-fall-to-10000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/investor-billionaire-louis-navellier-warns-bitcoin-could-fall-to-10000\/","title":{"rendered":"Investor-billionaire Louis Navellier warns Bitcoin could fall to $10,000"},"content":{"rendered":"

In the Bitcoin chart there is a growing signal of formation of a \u00abdouble top<\/a>\u00bb, the realization of which could occur as the \u0424\u0420\u0421<\/span> normalises monetary policy. This view is held by Louis Navellier, CEO and founder of Navellier & Associates, with assets of $2.5 billion, according to Business Insider<\/a>.<\/p>\n

The investor has run a stock-market newsletter for more than 30 years. Since 1997, following his recommendations from an initial $100,000 could have yielded $1.67 million, according to the firm\u2019s data.<\/p>\n

Navellier was alarmed by the hype surrounding the first cryptocurrency. As an example, he cited $100 million advertising campaign by Crypto.com<\/a> featuring Matt Damon.<\/p>\n

According to the billionaire, the Bitcoin bubble will be blown by the Fed’s battle against inflation, which began with the tapering of asset purchases<\/a>. Powell’s latest statements indicated that this process could end<\/a> a few months earlier than expected.<\/p>\n

\n

\u00abThe Fed is winding down <\/em>the quantitative easing programme<\/em><\/a>. This should lead to a correction in risk assets, including Bitcoin. The faster the Fed moves, the greater the volatility we will see\u00bb<\/em>, \u2014 \u043f\u043e\u044f\u0441\u043d\u0438\u043b \u043e\u043d.<\/p>\n<\/blockquote>\n

Navellier did not rule out the continuation of the November correction, which would lead to a deep bearish reversal.<\/p>\n

\n

\u00abI would call a move below $46,000 (the 200-day moving average) a yellow flag. A drop below the spring low of $28,500 would complete a massive double top, indicating the potential return to $10,000. By the way, that would align with many of the numerous 80%+ pullbacks in its rich history\u00bb<\/em>, \u2014 he wrote.<\/p>\n<\/blockquote>\n

Earlier, Galaxy Digital founder Mike Novogratz saw<\/a> Powell’s reappointment as a risk for Bitcoin.<\/p>\n

Earlier, Stock-to-Flow model analyst PlanB admitted<\/a> the failure of his own \u2018worst-case\u2019 scenario, according to which Bitcoin’s price was expected to reach $98,000 in November.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

In the Bitcoin chart, signals of a formation of a double top are strengthening, which could occur as the US Federal Reserve normalises monetary policy. This view is held by Louis Navellier, CEO and founder of Navellier & Associates, with $2.5 billion in assets, according to Business Insider.<\/p>\n","protected":false},"author":1,"featured_media":54057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1156],"class_list":["post-54056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54056"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54056\/revisions"}],"predecessor-version":[{"id":54058,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54056\/revisions\/54058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54057"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}