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Expert Trader Predicts When Bitcoin (BTC) Bulls ‘Will Try to Make a Stand’
A renowned trader and analyst has provided a crucial insight for Bitcoin (BTC) investors. According to the expert, the current downturn in the market is not yet over, but there might be a temporary reversal soon.
The price of Bitcoin has been plummeting, reaching as low as $66,000. This sudden drop has raised concerns among crypto enthusiasts and traders alike, with some predicting that this could be the end of the bull run.
However, the expert trader believes otherwise. They think that the bears will continue their winning streak until at least the end of the year, but a support level of around $71,500-$85,000 would offer potential resistance for the bears.
According to the chart provided by DonAlt, there is a clear possibility that Bitcoin could drop further before making its next move. The analyst has also suggested that this might not be the end of the bull run just yet and that we might see a temporary reversal soon.
While this news may come as a relief to many investors who are still holding onto their Bitcoin, it’s essential for them to remember that cryptocurrency markets can be extremely volatile and unpredictable.
Source: u.today
