Crypto Analyst Sees Bitcoin 'Still Chilling Above The Best Area' Despite 'Chance' Of Bottoming At $60K: 'Just Need To Be A Little Patient'
Portfolio Pulse from Benzinga Neuro
Prominent crypto analyst CrediBULL Crypto suggests that Bitcoin (BTC) may be forming a bottom at its current levels, despite recent negative trends and a substantial drop leading to significant liquidations. The analyst remains optimistic, noting that Bitcoin is still comfortably above $60,000 and that both spot and derivatives data are favorable.
June 19, 2024 | 12:18 pm
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Bitcoin may be forming a bottom at its current levels, despite recent negative trends and significant liquidations. Analyst CrediBULL Crypto remains optimistic, noting that Bitcoin is still comfortably above $60,000 and that both spot and derivatives data are favorable.
The analyst's optimism and the favorable spot and derivatives data suggest a potential bottom formation for Bitcoin. This could lead to a positive short-term impact on BTC prices.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100