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While Bitcoin is holding at $7,532, traders are trying to see what BTC’s next move will be. Some expect the king crypto to keep going North, but perhaps not right away
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After the Bitcoin price surged to touch the $7,800 high on Thursday, the BTC price has so far been floating in the mid-$7,000 zone. Traders are expecting it to move towards $8,000 as BTC demand is surging ahead of the halving, which less than twenty days away.
TradingView user ‘Nagihatoum’ believes that the main cryptocurrency is about to start moving towards $8,080. The reason, as he says, is that the ‘price action is very bullish’. He also sees a bullish divergence on the chart.
Trader @SatoshiFlipper believes Bitcoin is forming an Ascending Triangle pattern.
He also states that the BTC bull run has already begun, but to the majority, this will become clear only after some time.
“The $BTC bull run is under way, it just won't be obvious for the majority until many months from now, but mark my words .... it has begun.”
Other traders also expect Bitcoin to continue its rise towards $8,000.
Trader @TheMoonCarl says that BTC will resume its price recovery as soon as it breaks the $7,600 resistance, turning it into support.
