Bitcoin has been exploding this month, and the ing coin managed to reach new ATHs.
The other day the king coin’s price dropped significantly, leading to fear among investors, but also to the impulse of buying the dip.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $56,763.02.
BTC to restart its bull market
According to the latest reports coming from the online publication the Daily Hodl, the trader who nailed Bitcoin’s violent collapse from above $60,000 to the lows of $50,000 is now predicting that the king coin will kick off an epic bounce and restart its bull market.
On April 12th, trader and crypto analyst Loma told his 128,300 followers that he believed Bitcoin would trap bulls with a fake breakout just as crypto exchange Coinbase gets listed on the stock market, as noted by the online publication mentioned above.
“Scenario I’m looking at for BTC heading into COIN listing:
>Takes highs leading into listing
>Impoverishes breakout buyers/ascending triangle traders
$70,000 towards the end of the week/week after.”
The same online publication notes that the past Saturday, Bitcoin and the broader crypto market abruptly fell, and the king coin dropped to as low as $52,810, according to CoinGecko.
The seismic move sent shockwaves through the crypto verse as it triggered $7.9 billion in liquidations.
It’s also important to note the fact that BTC dropped nearly 15% from $60,859 in a matter of hours, and Loma believes that the worst of the pullback is over.
““$50,000 bottom. Run it back, turbo… I would celebrate being right but being correctly bearish in a bull market feels like ****. Send this **** back up, $70,000 imminent.” he said.
Game plan outlined here a week ago.
— Loma (will never DM you for money) (@LomahCrypto) April 17, 2021
Stay tuned for more news.