The king coin of cryptocurrencies continues to divide opinions among skeptics with its latest movement. After rejecting the $24.2K resistance, BTC prices have crashed below $23,450 at press time according to CoinMarketCap.
“Will Bitcoin get through USD 30,000 on this move up? We will see. I’m doubtful. I think we’re going to probably be in this range now. I quite frankly would be happy if we’re in a USD 20,000, USD 22,000, or USD 30,000 range for a while.” According to the update, “expectations of an improvement in macro sentiment lead short-term betters to build positions in the futures market , betting on the momentum gain that could channel prices higher.”However, it remains to be seen if this futures-led rally can prove to be sustainable. This is true, especially for short-term investors who change positions quickly as they are sensitive to changes in general sentiment..
I feel it going down to 13k.
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