Bitcoins recent breakout has made investors very happy. The cryptocurrency recently crossed $5,000 and touched $5,300 at its peak. Crypto traders on Crypto twitter believe that the general trend regarding Bitcoin is bullish and we should see the price of Bitcoin moving upward. Bitcoin can cross $6,000, according to them.
Bitcoin trader Dutch_patience (@marcel072) tweeted with the Bitcoin chart, stating Bitcoin is going for the 5700-6000 range.
— Dutch_patience (@Marcel072) April 8, 2019
According to Blitz Trader (@trader_blitz), investors should long Bitcoin currently as the target range for Bitcoin in this market is between 6047-6400.
— Blitz Trader (@trader_blitz) April 8, 2019
Even StocksMD tweeted with a trading view chart with Bitcoin price reaching above $6600.
But apart from over-enthusiastic traders, some believe that Bitcoin still hasn’t bottomed. According to them, Bitcoin would come in a bearish phase after crossing $6000. Famed cryptocurrency trader Bitcoin Macro thinks the same. In a recent tweet, he mentioned that Bitcoin has the potential to reach new yearly lows even after breaking $6k.
Disclaimer: This article is for information purpose only. In no way this article is an investment advice. Please do your own due diligence before investing. Blockmanity won’t be held liable for any loss of funds.
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