Bitcoin Price: Trading Expert Predicts Weekend BTC Movement
Expert Analysis on Bitcoin Price Movements
Bitcoin (BTC) is seeing speculative interest as trading expert CrypNuevo sets ambitious targets for this weekend. With the current price hovering around $76,013, BTC aims for breakout levels at $77,000 and $77,500. This spike is expected due to accumulated liquidations making these levels attractive for traders.
Current Market Conditions
- BTC has recently exceeded its previous resistance of $73,800.
- The 19.5% potential gain could lead to a new all-time high.
- Relatively strong momentum indicated by RSI of 70.96.
Strategic Considerations for Investors
Caution is advised as Ki Young Ju recommends planning exits rather than all-in buys amidst the prospective rise. Long-term investors may need to adapt to market sentiment as altcoins emerge as attractive alternatives.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.