Famous analyst calls $43K Bitcoin price 'logical'
Current BTC price action is no surprise given recent support and resistance focuses, says Bollinger bands creator John Bollinger. Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.”That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator. Bollinger: Current price action "can tell a lot"In a tweet on May 18, Bollinger, who is well known as a source of Bitcoin (BTC) analysis despite decades in the market, called for calm following fresh volatility.“~43,000 is what we call a logical level for....
Related News
There's not much to be cheerful about when it comes to short-term BTC price action, the famous trader cautions. Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned.In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin's strength.Brandt: Bitcoin daily performance "negative"BTC/USD lost around 5% on Thursday, erasing more and more of its previous gains even as many on-chain indicators flipped bullish.For Brandt, lower timeframes....
A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible. Related Reading: Crypto Analyst Warns Dogecoin Price Correction Was A False Breakout, Calls 30% Crash Why […]
After hitting a new all-time high last month, the Bitcoin price has since retraced by more than 10%, crashing below $110,000 once again. This bearish pressure has continued into the new month, with sell-offs being the order of the day, especially as investors move to secure their profits. Despite calls for a possible bottom, a crypto analyst has suggested that the Bitcoin crash is far from over. In fact, going by the analysis, the decline may just be starting as Bitcoin is expected to tumble further. Why A Crash To $93,000 Is Imminent In the analysis, crypto analyst MMBTtrader acknowledges....
Bitcoin is correcting lower after rallying to its record high of approx $32,000, but it hasn't deterred one analyst from making extravagant bullish calls
Bitcoin trended on Twitter this past week as its price shot higher in the biggest move in months. In the span of a day, the price of BTC rallied by approximately $2,000, shocking most investors. The move garnered so much attention that famous celebrities began to discuss the cryptocurrency once again. One such celebrity was […]