• A crypto analyst Bluntz is expecting an impulsive move to the upside for Bitcoin (BTC) and has set a target of $28,800.
• Another trader Credible Crypto believes that the bottom may be in and lower targets will not be met, following the SEC’s lawsuits against two leading crypto exchanges.
• Both analysts have warned of potential danger signs when it comes to Bitcoin’s price movements.
Bitcoin (BTC) Potential „Impulsive“ Move
A widely followed crypto analyst says that Bitcoin (BTC) could potentially be on the verge of a bullish move. The pseudonymous trader Bluntz tells his 223,200 Twitter followers that Bitcoin is showing signs of a potential breakout. Bluntz says his target is Bitcoin exceeding a price of $28,800.
A little over a week ago when Bitcoin was trading at around $27,500, Bluntz warned that the leading crypto asset was flashing danger signs. On Wednesday, Bitcoin plunged to under $25,400, a level last reached in March. Bitcoin is trading at $26,572 at time of writing.
Positive Outlook From Other Analysts
Bluntz’s bullish take on Bitcoin echoes the opinion of another pseudonymous trader, Credible Crypto. Credible Crypto tells his 340,600 Twitter followers that the flagship digital asset has bottomed out after the fall that came amid the U.S. Securities and Exchange Commission’s (SEC) lawsuits against two leading crypto exchanges.
Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets as these trades are at your own risk and losses incurred are subjective to you alone as investor/trader.
Bitcoin’s price movement remains uncertain with different analysts providing various outlooks on its performance – some more positive than others – however it is important to remember that one should always do their own research before investing and never take investment advice from others without verifying it first independently.