Bitcoin's Mid-Term Target: 3 Points You Need To Know
Portfolio Pulse from Khyathi Dalal
Crypto trader CrypNuevo shared a bullish mid-term forecast for Bitcoin, addressing potential retrace targets, the new CME gap, and upside targets. He suggested a retrace target between $61,500 and $62,500, noted that the CME gap doesn't need immediate filling, and identified upside targets between $71,500 and $73,700.
July 18, 2024 | 3:14 pm
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CrypNuevo's analysis suggests a bullish mid-term target for Bitcoin, with retrace targets between $61,500 and $62,500, and upside targets between $71,500 and $73,700. The CME gap doesn't need immediate filling, which could alleviate concerns about a potential immediate drop.
CrypNuevo's detailed analysis provides specific price targets and addresses common concerns about the CME gap, suggesting a bullish outlook for Bitcoin in the mid-term. This could positively influence investor sentiment and drive short-term price increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100