CandleFocus Trading expert sets Bitcoin price for the weekend; Should you follow suit?
2024-11-08
Author: Content Editor
Bitcoin (BTC) has broken out of its all-time high and is currently consolidating above that level before its next move. Cryptocurrency trading expert CrypNuevo has set BTC price targets for the weekend, aiming at higher levels, with Bitcoin potentially reaching $77,000 and $77,500 due to accumulated liquidations from short positions. Reaching these targets would drive Bitcoin to new all-time highs and represent a 19.5% gain from current prices. However, Ki Young Ju, CEO of CryptoQuant, warns that Bitcoin's growth may be limited, suggesting investors should plan their exits. Analysts also expect an altcoin bull rally that could offer significant returns.
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