Reputed Crypto Experts and Bitcoin Traders Watch BTC Price Movement As Critical Level Approaches

Reputed crypto experts and Bitcoin traders watch BTC price movement

Critical level approaches and bears and bulls fight to claim the crucial level

Can BTC price surge and claim higher highs?

With the price of the pioneer crypto asset, Bitcoin (BTC), currently trading at the $90,000 price range, analysts and traders grow anxious as the price of BTC battles out to hold a critical price level. As the bulls and bears rage to claim this spot, reputed crypto experts and Bitcoin traders watch BTC price movement as the critical price level approaches. What will play out next for crypto?

Reputed Crypto Experts and Bitcoin Traders Watch BTC Price

With the price of BTC constantly fluctuating between bullish and bearish sentiments, the price of BTC trades between high $80,000 prices and low $90,000 prices. At the moment, this sideways movement is seen as a crucial battle between bullish and bearish traders to secure a critical price level. Presently, several analyst are debating the outcome and are sharing their expectations for what’s next

As we can see from the post above, this reputed crypto and Bitcoin expert, trader, and analyst marks how Bitcoin reached the $94,200 resistance line and how the asset is currently still reacting from that level. For now, the analyst believes that this retracement should not come down too far, with support likely lying between the $91,600 - $91,200 price range. The analyst has already mentioned many times that this level is a highly critical one

In addition, she continues to say that a major bearish scenario is invalidated above that level, meaning we are now seeing this fight on BTC. With the resistance cleared, the next attempt should easily break above and hold as support. The analyst expects a full wave to reach the $103,000 target. This, she states, should just be a short-term retrace, with an uptrend to resume shortly.

A Critical Price Level Approaches for Bitcoin

Meanwhile, another reputed trader marks how BTC has held its level after a 17% bounce. Right now, Bitcoin is hovering right under resistance and, and prior to this last high, it was a 3 waved move. Now, it’s a different story. What was mostly a bullish expectation may be turning bearish for a short time, before a surge pack up according to this post

Overall, the post concludes that if Bitcoin can get an HTF close above the $100,000 price range, then Bitcoin is likely in the middle of a C/3 off the low. That should carry BTC to at least $104,000 for C, $115,000 for 3. Lastly, he shares a bearish case target, which would be a close below $81,000.