Crypto Trader Says Bitcoin (BTC) Re-Fueled and Ready for ’Moon Mission‘ – Here’s Why - The Daily Hodl
The Daily Hodl
19 Nov 2023 8:04 AM
An analyst who continues to build a following with timely Bitcoin (BTC) calls believes that the crypto king is ready to witness another burst to the upside....
- Analyst Credible Crypto believes Bitcoin is ready for another upward surge.
- The recent pullback in Bitcoin flushed out overleveraged traders.
- Open interest (OI) is back at healthy levels as spot market bulls accumulate BTC.
- Credible Crypto suggests that the bearish price action of altcoins supports his bullish stance on Bitcoin.
- Bitcoin has already hit Credible Crypto's downside price target and looks poised for a recovery.
- Bitcoin is currently trading at $36,519, above the downside target of $35,766.
The sentiment of the article is positive, as the analyst believes Bitcoin is ready for a bullish move and highlights positive indicators such as healthy open interest and the bearish price action of altcoins.
You May Ask
Who is the analyst that believes Bitcoin is ready for another upward surge?What is open interest and why is it important in the crypto market?How does the bearish price action of altcoins support a bullish stance on Bitcoin?What is the current price of Bitcoin and how does it compare to the analyst's downside target?