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A crypto analyst who warned traders about last year’s large Bitcoin (BTC) correction says he believes a similar scenario is about to play out.

With the Bitcoin price currently trading around $9,200 since peaking at $9,903 over the past seven days, the technical trader, known in the industry as Dave the Wave, says he believes that after failing to beat resistance at $10,000, BTC is now “back on track” to fall to $6,300.