According to Market Experts, Bitcoin (BTC) Will Explode This Week!
Will there be sudden withdrawals in Bitcoin (BTC) again?
Keith Alan, co-founder of Material Indicators, a successful trading indicator platform, predicts strong fluctuations in the price of the leading cryptocurrency Bitcoin (BTC) next week and expects sharp breakouts.
According to Keith Alan's prediction, there is a possibility that Bitcoin will test below $58,000 in the next few days. At the same time, the popular businessman believes that despite Bitcoin's monthly red candle, if BTC holds at these levels, it will experience new rises.
“Daily, monthly, quarterly and six-month candle closes, as well as the Biden-Trump presidential debate and new US inflation data, will take place on Sunday.
For this reason, I expect sharp movements in BTC for the rest of the week.
Keith Alan, co-founder of Material Indicators, said that large investors can make large BTC transfers in order to influence the price movement of the leading cryptocurrency.
According to the successful analyst, Bitcoin must maintain the $ 56,500 support level in order to continue its upward trend until the end of July. The analyst emphasized that otherwise the asset will remain in the current range in the short and medium term.
