The Bitcoin worth holding round $20k even with the Binance Smart Chain being hacked for $100M at present, could possibly be a bullish sign.
Popular crypto dealer TraderSZ in his ‘Bitcoin for Ledges’ dwell stream has a brief time period lengthy bias concentrating on $21,500.
Bitcoin Price Prediction Today – TraderSZ
Bitcoin has now closed three every day candles across the $20,000 stage, and TraderSZ considers BTC to be in a ‘macro assist zone’ on the earlier bull market all time excessive.
As the BTC is worth is now holding round an space it was rejected from all through the final two weekly candles – probably a interval of consolidation earlier than enlargement – he expects additional continuation to the upside.
On the weekly TraderSZ charted the vary excessive round $24,300 as an prolonged goal, in addition to stops above the $22,800 excessive.
He additionally anticipated the Bitcoin worth to rally when CZ Binance launched a tweet addressing the BSC exploit – which then occurred.
The Binance Coin (BNB) worth is at present now down 4% up to now 24 hours, which TraderSZ additionally expects to get well totally.
TraderSZ is thought for occasionally shorting and being bearish, so his at present bullish outlook – not less than within the brief time period – is noteworthy.
Also charting the S&P 500, TraderSZ famous a bear market rally might take the SPX as excessive as 4,300, and nonetheless stay inside the general macro bearish pattern seen up to now in 2022.
Compiled by Coinbold