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Analyst Predicts BTC’s Positive Trend Is Likely To Continue

Published 11/13/2023, 04:53 PM
Updated 11/13/2023, 05:15 PM
© Reuters. Analyst Predicts BTC’s Positive Trend Is Likely To Continue
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  • A cryptocurrency analyst predicted that BTC’s positive trend could continue, although there could still be dips along the way.

  • At press time, BTC was trading at $36,987.75 after its price slipped by 0.50% throughout the past day.

  • Technicals on BTC’s daily chart suggest that BTC’s price could be at risk of dropping to $34,000.

Cryptocurrency trader and investor, Daan Crypto, shared in an X post on Saturday that Bitcoin’s (BTC) positive trend could continue. The trader’s prediction was largely based on the fact that the market leader is currently working on its fourth consecutive green week.

Additionally, BTC was also trading well above its bull market support band on the weekly chart. Although he is optimistic about BTC’s positive trend and the possibilities that it may continue, the trader did warn that there could still be dips along the way.

The post Analyst Predicts BTC’s Positive Trend Is Likely To Continue appeared first on Coin Edition.

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