It seems that Bitcoin just flashed a new bullish signal, and we have to keep an eye on the new upwards targets. Check out the latest reports about the BTC price below.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $26,395.
New BTC price predicitons are out
According to a popular cryptocurrency analyst, there are indications that Bitcoin (BTC) may be on the cusp of a bullish trend. The trader, known as Bluntz, has suggested to his 223,200 Twitter followers that Bitcoin is exhibiting signs of a potential breakout.
Bluntz says his target is Bitcoin exceeding a price of $28,800.
“BTC now back into the range once again after taking out the upside and now downside, will be looking to buy pullbacks after the daily close targeting $28,800.”
He continued and said the following:
“Was expecting more of a slow grind up but this move starting to look impulsive to the upside again.”
A trader known as Bluntz shares a positive view on Bitcoin, which aligns with the perspective of another anonymous trader named Credible Crypto.
Credible Crypto believes that the primary digital asset has hit its lowest point after dropping due to the U.S. Securities and Exchange Commission’s (SEC) legal action against two major cryptocurrency exchanges.
“Liquidity flush target one was met and tapped perfectly, followed by a strong move to the upside right after back-to-back SEC lawsuits against Binance and Coinbase.”
The analyst continued and said this:
“If panic-driven liquidations were going to occur, that would have been the perfect time for a flush to play out, leading me to believe that our bottom may be in and lower targets will not be met.”
Stay tuned for more news about the matter and make sure to keep your eyes on the market.
