Crypto NewsAnalysisBitcoin Comment From Well-Known Analyst: "I Don't Expect Serious Rally Until This...

Bitcoin Comment From Well-Known Analyst: "I Don't Expect Serious Rally Until This Date, This Level Is The Best Starting Point!"

Cryptocurrency analyst Trader J shared his views on Bitcoin with his followers in his post on Twitter.

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According to cryptocurrency analyst Trader J, Bitcoin (BTC) is still trading above $26,000, a key support level that could prevent further declines.

In a tweet on Monday, the analyst said that losing $26,000 would open the door for a drop to $22,000, which he referred to as a "high point" and "maximum pain" scenario.

Trader J also said that Bitcoin is not in a bull market and will not be until 2024. He suggested that the highest target for BTC is $ 40,000 and that it will not exceed 41,000 in 2023. However, he added that BTC could rise to 36K-40K in the near future, which would be the best exit point for investors.

The analyst warned that the $36,000 rally has yet to be confirmed and that BTC is currently in a correction phase.

At the time of this writing, BTC price has lost 0.19% in the last 24 hours and is trading at $26,859.

CoinMarketCap chart showing the developments in BTC price in the last 24 hours.

*Not investment advice.



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