Traders' Perspective: Bitcoin Could Rise to $68,000.
Mister Crypto believes that if Bitcoin price can maintain above $64K, we will likely see a pump straight to $68K. Weekends are often low on momentum, so Bitcoin price will still fluctuate around $64K.
Last week, there was a breakout through the $64K barrier, when FED Chairman Jerome Powell spoke about cutting interest rates. However, J. Powell did not give details on the timeline. You may not know that the $64K mark was previously a strong support for Bitcoin for many months after the Bitcoin ETF spot was traded.
Another trader named Eljia is more bullish. Eljia believes that it is time for Bitcoin to move towards $68K - $70K. The reason this trader gives is that Bitcoin's RSI has not reached the overbought zone. Currently, RSI is at 66.11 and may increase further in the near future.
