Bitcoin can still hit $19K, warns trader ahead of BTC price ‘big move’

Others were ready and waiting for volatility to reenter the market, but would not be drawn on whether Bitcoin would ultimately break out or break down to test levels from earlier in the year.

Among them was popular trader and analyst Toni Ghinea, who envisaged a make-or-break decision for the recent narrow price range in the coming week. “I'm expecting a big move with $BTC next week. 31-32k is resistance. 29k is support. Keep it simple,” he“If there's a break above do NOT get euphoric. We are literally at the range high. If there's a nuke next key area is 27-28k. If it holds get ready to buy the pullback. If it breaks lower than 19-23k is still on the cards. Play this level by level. That's it.

The coming week should provide plenty of potential volatility indicators as markets digest macroeconomic policy cues.The United States Federal Reserve's Federal Open Market Committee will meet to decide on interest rates ahead of the Bitcoin monthly close.in predicting a return to rate hikes this month, following a previous pause.Fed target rate probabilities chart. Source: CME GroupThis article does not contain investment advice or recommendations.

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