Bitcoin Price Prediction: Potential Pump to $50K Followed by Dump to $30K
- Bitcoin could pump to $50,000 then see a reversal and dump to $30,000-31,000
- After the pump, money may flow into altcoins while Bitcoin goes sideways
- The dump could be part of a larger Elliott Wave price pattern
- The analyst previously predicted a market rally after SEC approved Bitcoin ETFs
- Bitcoin is currently trading around $42,500, down 7% in the last 24 hours