What's Next For Bitcoin? 'Significant Bounce' Or 'Nasty Impulse Down,' Traders Say
Portfolio Pulse from Khyathi Dalal
Traders are debating Bitcoin's future as it reaches a critical support level. If Bitcoin holds, it could reach new all-time highs, but if it breaks, a significant drop is expected. Recent data shows increased large transactions and exchange flows.
June 21, 2024 | 6:36 pm
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Bitcoin is at a crucial support level. If it holds, new all-time highs are possible. If it breaks, a significant drop is expected. Increased large transactions and exchange flows indicate heightened market activity.
Bitcoin's current position at a critical support level means its price could either surge to new highs or drop significantly. The increased large transactions and exchange flows indicate that market participants are actively trading, adding to the uncertainty.
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