A generally followed Crypto analyst says Bitcoin (BTC) seems ready to move a leg up, because the technical indicators remain bullish despite his most recent downward trend.
In a new message about the instant messaging -app telegram, pseudonymous crypto -strategist crypto capo tells His 121,635 subscribers that the best crypto assets in Market Cap seems ready to shoot at between $ 92,000 $ 98,000 if it can successfully reclaim the $ 85,000 series.
“Crazy [price action] Yesterday … and this is exactly why I usually avoid the lever. At the moment, BTC simply is giving up above and below the area of $ 84,000 $ 85,000, Flip-Flopping and tries to find direction.
Indicators remain bullish for the short term, so I still think that is a step higher. But again, we have to see a clean recovery of $ 85,000 to confirm that. As long as that happens, the target would be $ 92,000 $ 98,000, which is the next strong resistance zone. ”
According to Capo, President Donald Trump’s most recent rates are already priced in the market, which means that BTC could rise Like most inventors expect a bearish event.
“Most people expect that today will be a bearish event (Trump administration will announce worldwide rates today at 4 p.m.) … I see it differently. Most rate news are probably already priced.
The market has been falling for weeks. Graphs remain bullish for the short term and we have already seen some signs in force. Can be easy in a purchase of the news of the day. Let’s see how the market reacts! “
The trader concludes By noticing on the social media platform X that selling BTC would now be a big mistake, because he believes that the current market is in the middle of a pear trap, or a misleading market pattern that is fooling traders to believe that a persistent downward trend is incoming.
BTC acts for $ 81,609 at the time of writing, a decrease of 5.6% during the last day.
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