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While Bitcoin is holding at $ 7,532, traders are trying to see what BTC’s next move will be. Some expect the crypto king to continue north, but perhaps not immediately
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- “Bitcoin heads to $ 8,080”
- ‘BTC bull run is underway’
After the price of Bitcoin rose to hit the high of $ 7,800 on Thursday, the price of BTC has so far been floating in the middle zone of $ 7,000. Traders expect it to move towards $ 8,000 as demand for BTC is increasing before halving, which is less than twenty days away.
“Bitcoin heads to $ 8,080”
TradingView user “Nagihatoum” believes that the top cryptocurrency is about to start moving towards $ 8,080. The reason, as he says, is that “price action is very optimistic.” You also see a bullish divergence on the chart.
“I didn’t think the whales would reach the capitulation point of March 11, but they did. The price action is very bullish, above 12 ema weekly and 4H 200ema, with a high volume pump. There must be enough momentum to drive the price to the top of the channel in a bearish harmonic. The equilibrium pattern broke up and there was a telltale signal that I missed out, a hidden 4H bullish divergence. In hindsight, everything is clear. ”
‘BTC bull run is underway’
Trader @SatoshiFlipper believes that Bitcoin is forming an ascending triangle pattern.
He also claims that the BTC bull runs has already startedBut for most, this will become clear only after a while.
“The $ BTC bullfight is underway, it just won’t be obvious to most for many months to come, but remember my words … it’s started.”
Other traders also expect Bitcoin to continue its go up to $ 8,000.
Trader @TheMoonCarl says BTC will resume its price recovery as soon as it breaks the $ 7,600 resistance, turning it into support.
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