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Crypto Trader: Bitcoin (BTC) $1000 Candle in Either Direction Very Soon, Most Likely Up

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Yesterday, Bitcoin price has surged at least $100 in the intraday trading session. Bitcoin is retesting again the $4,000 mark and struggling with this level. On the other side, altcoins are spiking, which caused the Bitcoin dominance to hit a new lowest level since August 2018. A thing that most likely confirms that the Alt season is here.

A crypto trader called DonAlt, thinks that the bitcoin price is going to explode with a $1,000 movement very soon as he posted in a recent tweet:

Also, another crypto trader called “The Crypto Dog” is totally bullish, however, he tweeted a bearish scenario, saying that the major resistance is still intact and the volume is still low so the bullish trend is not confirmed.

Also, he adds that Altcoins are on overbought levels, the highest since June 2017. and while bitcoin price has been mostly stable, many small-cap coins had pumps by x 100.

Adding more “The Crypto Dog” commented:

I still think we are going up and there’s nothing the bears can do about it. It’s not going to be a straight line, but yes I am currently convinced that alts broke out of accumulation and will be bullish for more than just a single month.

Another trader named “CryproBirb” thinks that $4,400 resistance probably will hold and a bearish scenario is more probable according to him.

What are your thoughts about these bitcoin price predictions? Feel free to post your opinion in the comments below.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

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