Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. However, a recent tweet from millionaire trader Zoran Kole (@Captain_Kole1) has stirred the market. Traders are closely monitoring these levels, as Kole’s prediction adds a layer of uncertainty to Bitcoin price prediction.
Millionaire Trader Says BTC Will Fall to $40,000 Level
Millionaire trader Zoran Kole, known on Twitter as @Captain_Kole1, posted a cryptic tweet mentioning “$44,444,” referencing Bitcoin’s yearly opening price.
His terse apology, “I’m sorry,” suggests a bearish outlook, implying that Bitcoin might revisit or fall below this level. This tweet has sparked concern among investors and traders, as it hints at a potential significant price drop from its current trading levels around $69,300.
$44,444
Yearly open.
I'm sorry. pic.twitter.com/HCSVl7bYcY
— Zoran Kole (@Captain_Kole1) June 6, 2024
Kole’s prediction adds to the uncertainty in the market, prompting closer scrutiny of Bitcoin’s support and resistance levels amidst broader market conditions.
Bitcoin Price Prediction
Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. The pivotal support level is at $68,700, where an upward trendline suggests a potential bullish reversal, and it’s keeping Bitcoin price prediction bullish.
📈 #Bitcoin Price Prediction: BTC is trading at $69,300 (+0.10%). Key support at $68,700 with a bullish trendline.
Immediate resistance at $69,600 & $69,750. 50-day EMA at $69,600 is crucial for confirming a bullish trend.
Consider selling below $69,700 & buying above $68,700. 📊 pic.twitter.com/Ig5RDYJQ2d— Arslan Ali (@forex_arslan) June 9, 2024
However, Bitcoin faces immediate resistance at $69,600 and $69,750, with further resistance at $70,650. The 50-day Exponential Moving Average (EMA), positioned at $69,600, is a critical level that Bitcoin needs to surpass to confirm a bullish trend.
In conclusion, the current outlook suggests selling below $69,700 and buying above $68,700, contingent on price movements around these critical levels.
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