One well-known cryptocurrency strategist believes that Bitcoin will achieve a corresponding rally if… Bitcoin One key level can be restored.
The analyst known by his pseudonym Pintucci He tells His 900,700 followers on
“We’ve had a $80,000 push on BTC. Whether this will end up being a total LH (lower high) level is yet to be determined. But in the long term, I don’t think this is a bad place to be with a lot of patience. I now think it’s important to reclaim the previous (previous) level if we want a real expansion. For example, the $84,000-$86,000 HTF (higher time frame) area is close to momentum. I’ll probably come back to crypto when it improves “Things.”
Meanwhile, a pseudonymous trader known as DonAlt suggests Bitcoin will be choppy for a while before it attempts to break through the next major resistance level on the monthly chart at $82,780.
“Bitcoin looks okay to me. Not bad, not great. Decent reaction to support being hit, and kind of resistance from here on out. Maybe we should give it some time.”
The pseudonymous trader known as Dave the Wave is also remaining He is bullish on Bitcoin and maintains a price target of $95,000 in the coming months.
“BTC price looks relatively strong in the middle of a correction. Keep in mind that this cycle was more technical in nature compared to the previous parabolic cycle.”
Bitcoin is trading at $76,178 at the time of writing, which is flat during the day.
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