Trading experts set bitcoin price for the weekend.
Bitcoin (BTC) hit an all-time high on November 6 and is currently above that level waiting for the next move. Meanwhile, one #cryptocurrency trading expert has set a target price for the weekend, targeting higher levels.
This trader, CrypNuevo, is a Spanish analyst who demonstrates high accuracy and winning percentage in his trades and signals. Finbold has repeatedly published CrypNuevo's analysis, helping private traders and investors navigate the volatile #bitcoin price movements. It has helped them navigate the volatile bitcoin price movements.
Specifically, CrypNuevo believes that bitcoin could temporarily drop to $77,000 and $77,500 over the weekend. This will be a magnet for the #BTC price as short positions are liquidated at these levels.
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Yesterday's FOMC meeting partially absorbed the upward liquidation. And given that the last 16 hours of sideways movement has resulted in even more liquidity between $77k-$77.5k, ........ has a good chance of seeing a new surge into this zone.
Interestingly, if traders' targets are met over the weekend, bitcoin will hit an all-time high and the price opening will continue. This would also mean a 19.5% rise from the current price of $BTC following Donald Trump's victory and the Federal Open Market Committee (FOMC) meeting, the major cryptocurrency has cleared the liquidity pool, breaking through the $73,800 resistance level reached in March this year to peak at $BTC the former resistance level could now become an important support line that has yet to be tested. Therefore, before reaching the price target of $77,000 - $77,500, bitcoin may pull back from it and form an impulsive base line.
On the other hand, even after reaching these targets and clearing the upside liquidity, a correction may still come.
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