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Expert Trader Predicts When Bitcoin (BTC) Bulls ‘Will Try to Make a Stand’
In a recent analysis, renowned expert trader and crypto enthusiast Gamza Khanzadaev has shared his insights on the current market situation. According to the financial analyst, the price of Bitcoin is likely to drop further before finding support at around $85,000-$71,500.
The chart attached to the report highlights a potential trading range for Bitcoin, which could potentially serve as a crucial support zone if breached. However, this may not be an immediate occurrence, as Khanzadaev suggests that the market may continue its downward trend in the short term.
Despite the bearish outlook, the analyst remains hopeful about the potential for a bullish reaction around the $85,000-$71,500 range, which aligns with DonAlt’s earlier prediction. It is essential to note that year-end trends on the crypto market have often been unpredictable and volatile.
In conclusion, Khanzadaev emphasizes the need for caution in the current market conditions, as even the most seasoned traders can be caught off guard by unexpected price movements.
It remains to be seen whether the expert trader’s prediction materializes, but for now, it is crucial for investors and traders to remain vigilant and prepared for any sudden shifts in the market.
Source: u.today
