Crypto Analyst Confident About Bitcoin's Surge, But There's A Catch
Portfolio Pulse from Bibhu Pattnaik
Cryptocurrency analyst Tone Vays predicts that Bitcoin (BTC) will trend upwards as long as the support level at $28,000 is not breached. He suggests that Bitcoin could appreciate by around 17% from the current level, but should rise and stay above $30,000 for a couple of days. However, the risk of BTC witnessing further corrections will likely rise if Bitcoin plunges below the support level around $28,500.
August 06, 2023 | 12:53 pm
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Bitcoin's price could rise by around 17% if it stays above $30,000 for a few days, according to crypto analyst Tone Vays. However, if it drops below the support level of $28,500, further corrections are likely.
Tone Vays' analysis suggests that Bitcoin's price could rise if it maintains a level above $30,000 for a few days. However, if it falls below the support level of $28,500, further price corrections could occur. This analysis is based on current market conditions and could change if other factors come into play.
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IMPORTANCE 80
RELEVANCE 100