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Forget about $100,000. 'Dread Pirate Roberts' Ross Ulbricht expects the Bitcoin price to plunge to $1K before another bull run.

Ross Ulbricht, the founder of the infamous Silk Road dark web marketplace, has spotted 'a strong signal' for lower BTC price.

According to his new price analysis that relies on the Elliott Wave theory, the Bitcoin (BTC) price could plunge to as low as $1,200.