Bitcoin Price Drops, Possibly Over McAfee’s Arrest, Analysts Predict $8,975 to Be Next Target

John McAfee’s allegedly been apprehended, Bitcoin price drops below $10,000, possibly due to the arrest of the most eccentric bullish BTC price forecast maker

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On Tuesday, the Bitcoin price went back to being a four-digit one, dropping under $10,000 with the ‘father crypto’ trading at $9,706 at press time.

Meanwhile, Bitcoin’s most extraordinary supporter has gone missing in the sea, allegedly arrested by US authorities.

Has John McAfee fallen in the hands of the CIA?

For a while already, the crypto baron John McAfee, his wife Janis and a few employees from the McAfee team have been fleeing from the IRS after McAfee had been accused of avoiding tax paying for several years in succession.

First, McAfee was hiding in the Bahamas but then went to Cuba, believing that the CIA and the Bahamas authorities had come to an agreement regarding him.

This morning, in a series of tweets, McAfee’s campaign manager Rob Benedicto Pacifico Juan Maria Loggia-Ramirez reported that he has strong grounds to believe McAfee and his team on the yacht had been arrested.

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Bitcoin price takes another dive

The current fall of the Bitcoin price may well be caused by McAfee’s arrest, since the man is the most prominent and controversial BTC supporter who has given the wildest forecast – expecting BTC to hit $1 mln by the end of 2021.

Still, analyst Josh Rager on Twitter believes that a four-digit value of Bitcoin is a gift. However, he reckons that Bitcoin may keep falling, naming $8,975 as the next target.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.