Mixed opinions about Bitcoin support
In his own market analysis, meanwhile, fellow trader and commentator Credible Crypto suggested that the result of the downward movement may not be as radical as a trip to $60,000.
With liquidity being added and withdrawn from the market at will by large-volume traders, the appetite for BTC can save bulls from falls below $65,000.
“We continue to see spot absorption in each downward movement, even in shorter timeframes,” he summarized for his subscribers on the X.
Credible Crypto noted that the resistance above 72.000k was "withdrawn immediately" as soon as Bitcoin began to reverse.
"What are the chances of avoiding the lows of the range and the US$ 62-65k and simply reversing from here? I think they are decent,” he concluded.
