Bitcoin Price Prediction: An Analyst Predicts a Pull Back Before Bitcoin Bull Run
Credible Crypto, a prominent crypto analyst, predicts a pullback in Bitcoin (BTC), investors before a bull market. Credible Crypto, a prominent cryptocurrency analyst, recently tweeted that funding is back at neutral and that investors need to pullback a bit before the next bull market. Notably, Bitcoin’s (BTC), price has fallen by almost 2% in the last 24 hour.
As traders remain uncertain if the crypto market has bottomed, Bitcoin (BTC), prices continue to fluctuate sideways. Analysts believe that the crypto market has already bottomed due to the FTX fiasco. According to the tweet by whale alert of December 10, a whale transferred 9,901 BTC valued at $170 million to Kraken, the crypto exchange Kraken.
Will the $18k BTC rally continue?
Coingape previously reported that the On-chain BTC price could bottom at $12.8k. Michael van de Poppe, “Wolf of the Wall Street”, Jordan Belfort, and Jordan Belfort, both top Bitcoin analysts, predicted that the Bitcoin price rise would continue if BTC crosses $18k. They also suggested $16.5k for a critical support level.
Whales keep their bitcoins, which is a common sign of a persistent price rise. Whales were responsible for approximately 80% of the Bitcoin sales since June. The market cycle shift could result in significantly lower whale spending.
Bitcoin Live price
The Bitcoin live price is $16,972.35 USD and the 24-hour trading volume $18,718,367.052 USD. Bitcoin has fallen by 1.13% over the last 24 hours. Cryptocurrency is ranked number 1 with a live market capital of $326,406,982,868 US. It has a total supply of 21,500,000 BTC coins and a circulating stock of 19,231,687 BTC coin.
About the author
The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.