Bitcoin Breaks $72,000, But Trader Warns Bears Could Strike Back
Posted On October 30, 2024
Pseudonymous analyst CrediBULL Crypto highlighted that Bitcoin’s (CRYPTO: BTC) break of $71,000 might not indicate a sustained bullish trend.
What Happened: The analyst described the move as “corrective” rather than impulsive on his X profile, emphasizing that context is essential: “I did think a break of $71,000 would be bullish as I assumed that we would not break those highs until we saw our next impulse to the upside to ignite the rally to $100,000.”
The analyst also noted that the break happened with record high leveraged longs fueling the move, pointing out …
About The Author
