Bitcoin At $68,000 Remains ‘An Uptrending Machine:’ Technical Analyst Expects One Of These Two Scenarios Next
Posted On October 21, 2024
Crypto analyst Cold Blooded Shiller has highlighted the bullish momentum of Bitcoin (CRYPTO: BTC), suggesting a continuation of the uptrend, where pullbacks should be seen as buying opportunities.
What Happened: In a Monday morning post on X, Shiller emphasized that Bitcoin is showing uptrends across all timeframes. He outlined two possible scenarios: a continued rise to $100,000 or a short-term correction, forming a higher low on the weekly chart.
Shiller cautioned against turning bearish during downturns, stating, “This is an uptrending machine now,” and suggested that any dips will likely be shallow due to rising demand.
He added that any pullbacks should be viewed as opportunities, as Bitcoin is “on …
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