Situation in Bitcoin Price and Predictions of Millionaire Trader Zoran Kole
Over the last 24 hours, Bitcoin remained almost stable at $69,400. However, a tweet from millionaire trader Zoran Kole (@Captain_Kole1) caught the attention of investors, creating uncertainty in the market. Kole's predictions offer important clues about Bitcoin's future price movements.
Fall Prediction from Millionaire Trader
Zoran Kole shared a cryptic tweet about "$44,444," referring to Bitcoin's annual opening price. Kole's "Sorry" statement means Bitcoin could return to this level or fall below this level. This is causing concern among investors because it marks a significant decline from the current $69,300 level.
This prediction by Kole increases market uncertainty and causes Bitcoin's support and resistance levels to be analyzed in more detail.
Bitcoin Price Prediction
Bitcoin is currently trading at $69,368. The $68,700 level is considered a key support, and an upward trend line above this level indicates a potential uptrend. This makes Bitcoin price predictions generally bullish.
However, the resistance levels faced by Bitcoin are also noteworthy. While the $69,600 and $69,750 levels stand out as immediate resistance points, the $70,650 level constitutes a stronger resistance. In particular, the 50-day Exponential Moving Average (EMA) at $69,600 is seen as a critical barrier that Bitcoin must overcome to continue its upward trend.
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