Bitcoin (BTC) is again trading around the $60,000 psychological level, encouraging both bullish and bearish analyses in the market. While the leading cryptocurrency decides its direction, traders and investors look for the next buying before a bull rally starts.
In particular, Bitcoin’s trading expert CrypNuevo posted his “Sunday Update” on August 18, highlighting potential movements for BTC price.
First, the analyst expects Bitcoin to briefly break out from a descending broadening wedge chart pattern spotted by different traders. Finbold has already reported two analyses that mention this pattern, one eyeing the $100,000 mark and the other warning of downside potential.
CrypNuevo foresees a potential deviation from the pattern to “trap breakout traders,” nearing the $62,000 price level. He is then biased toward the short-term downside potential after this expected bull trap, driving prices to sub-$54,000.
Bitcoin (BTC/USDT) 4-hour price chart. Source: TradingVie
We współpracy z: https://finbold.com/analyst-sets-bitcoins-next-buying-opportunity-before-73000/
