A widely followed crypto analyst says that Bitcoin (BTC) may be about to make a bullish move.
The pseudonymous trader Bluntz tells are 223,200 Twitter followers that Bitcoin is showing signs of a possible breakout.
Bluntz says his goal is for Bitcoin to cross a price of $28,800.
“BTC is now back in the range after taking the top and now the bottom, and will be looking for pullbacks after the daily close, targeting $28,800.
Was expecting more of a slow grind, but this move is starting to look impulsive again.
Just over a week ago, when Bitcoin was trading at around $27,500, Bluntz warned that the leading crypto asset showed danger signs. On Wednesday, Bitcoin dipped below $25,400, a level last reached in March. Bitcoin is trading at $26,572 at the time of writing.
Bluntz’s bullish view of Bitcoin mirrors the view of another pseudonymous trader, Credible Crypto. Credible cryptocurrency tells its 340,600 Twitter followers say the digital flagship has bottomed out after the fall that came amid the U.S. Securities and Exchange Commission (SEC) lawsuits against two leading crypto exchanges.
“Liquidity flush target one was met and perfectly leveraged, followed by a strong move to the upside right after consecutive SEC lawsuits against Binance and Coinbase.
If panic-induced liquidations happened, that would have been the perfect time to play out a flush, leading me to believe that our low point could have been reached and lower targets will not be met.”
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Image generated: Midway through the journey
