Another Corrective Move Is Imminent For Bitcoin

It’s been just revealed the fact that there is a closely followed crypto strategist who believes that Bitcoin will gear up in order to liquidate both bears and bulls in the following days. Check out the latest reports about all this below.

The crypto strategist that we are referring to is Justin Bennett, who recently said that there’s a massive pool of short stops resting above the $30,000 level for BTC.

He believes that it is within the realm of possibility for BTC to briefly trade above $30,000 in order to take out early Bitcoin bears who believe the king crypto will go down in a straight line.

“Let’s see if BTC sniffs out those short liquidations above $30,000 this weekend.”

Bennett predicted a short-term surge for Bitcoin. It’s also important to mention the fact that he believes that BTC will witness a swift corrective move after the rally. The crypto strategist believes that BTC could drop to as low as $26,800 before bouncing.

“Something like this from BTC wouldn’t surprise me after this week’s volatility.

Take shorts, then take longs.

Let’s see.”

regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $28,609.

The legendary trader Peter Brandt is predicting that Bitcoin will eventually outperform altcoins. Check out the latest reports about the price prediction of Bitcoin.

Brandt reportedly believes that Bitcoin will outperform all other digital assets. He said on Twitter that he is keeping a close watch on the Bitcoin dominance chart. This is tracking how much of the total crypto market cap belongs to BTC.

According to the trading veteran, BTC looks poised to break out after consolidating in a large rectangle for about two years. Stay tuned for more news about the price of BTC.