Analyst: If Bitcoin Holds the Key Closing Price of $104,500, It May Initiate a Second Round of Price Discovery Uptrend
According to Cointelegraph, analyst Rekt Capital stated that Bitcoin's critical weekly closing price level is around $104,500 and must turn into support. Bitcoin is on the verge of initiating a second round of price discovery uptrend. Whether Bitcoin can close this week above the upper boundary of the recently reclaimed re-accumulation range is crucial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The U.S. government transfers assets related to the FTX and Bitfinex cases to new wallets
Trader Peter Brandt: Bitcoin will not break $200,000 until Q3 2029
Six major Japanese asset management companies intend to launch cryptocurrency funds
US and UK opposition forces Basel to reconsider crypto capital rules for banks
Trending news
MoreCrypto prices
More
