🛑 Next Bitcoin Breakout Above This Key Level Should Trigger Serious FOMO, Says Crypto Strategist 🛑

Henry Kanapi | August 4, 2024 | Altcoins, Bitcoin

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🔥 Breaking News! The Crypto Dog, a renowned crypto analyst with 804,500 followers on X, predicts a massive Bitcoin breakout is on the horizon! 🚀

"Break >$65,000 should trigger serious FOMO (fear of missing out). The strength vs. alts may be what’s needed to push $70,000+," he shares.

Currently trading at $60,617, Bitcoin is set to skyrocket if it surpasses key resistance levels. The Crypto Dog highlights $65,000 as the critical point where BTC bulls could regain momentum. 📈🐂

The analyst sees the current correction as a "big shakeout," designed to pressure traders into selling before a major upward movement. A rally is expected once Bitcoin surpasses the diagonal resistance around $62,000.

"Will add to long on break, so will many others," he states. While bullish on BTC, The Crypto Dog is cautious about altcoins, especially Solana (SOL). He predicts SOL could dip to the $120s before stabilizing.

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