CandleFocus Trader Outlines Potential Price Path for Bitcoin Rallies, Says BTC Bears Are Being Fattened for ‘Massive Pump’
2024-09-17
Author: Content Editor
Crypto strategist Credible Crypto believes that Bitcoin (BTC) is setting up for a significant move to new all-time highs. He suggests that BTC bears are building large short positions, which, when combined with lower highs, could lead to a short squeeze and subsequent rally. He presents two possible scenarios: BTC could either fall to new lows at around $45,000 or drop to $55,000 before rallying to $80,000 and beyond. At the time of writing, BTC is trading at $57,840, down over 1% for the day.
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