Analyst sets two Bitcoin scenarios to watch out for next week
At the moment, Bitcoin (BTC) investors are anticipating the leading cryptocurrency to build on its short-term bullish momentum as it targets breaching new resistance levels. Amid this anticipation, a crypto analyst using the pseudonym Thescalpingpro in an X post on July 7 noted that Bitcoin’s weekly close is crucial, given that the cryptocurrency has broken down below a key range after 125 days of consolidation. The expert opined that Bitcoin has been consolidating in a range for over four months, fluctuating between a high of approximately $66,000 and a low near $33,000. This range was marked by significant volatility but without a decisive move in either direction until now. Picks for you Veteran trader sees Bitcoin 'footshot' as the next big buying opportunity 47 mins ago ...