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Expert Trader Predicts When Bitcoin (BTC) Bulls ‘Will Try to Make a Stand’
In a recent analysis, popular trader DonAlt highlighted the possibility of Bitcoin’s price stabilizing and pushing further upwards, potentially forming a support zone. According to his chart, if the current trend is breached, the next major trading range would be around $85,000-$71,500.
This development may seem bleak at first glance, but it’s essential to note that this area is almost within reach of DonAlt’s predicted trading range. Therefore, a bullish reaction might still be possible in the short-term.
As year-end market tendencies often lead to increased volatility and uncertainty, it’s crucial for investors to remain cautious and adaptable. The crypto market has been known to surprise us with its unpredictable nature.
For those looking forward to a potential turnaround, the next major support area remains the $85,000-$71,500 range.
Source: u.today
