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BTC Establishing a Good Foundation and May Climb to $40K: Trader

Published 11/05/2023, 05:42 PM
Updated 11/05/2023, 05:45 PM
© Reuters BTC Establishing a Good Foundation and May Climb to $40K: Trader
BTC/USD
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  • Mind Trader predicted in an X post that BTC could climb to between $36,170 and $40,000 soon.
  • According to the post, this bullish move may happen as long as BTC remains above $33,730.
  • At press time, BTC was trading at $35,182.38 after a 1.38% gain over the past 24 hours.

The cryptocurrency trader and analyst Mind Trader predicted in an X post today that Bitcoin (BTC) could climb to between $36,170 and $40,000 soon. According to the post, this bullish thesis will be in play for as long as the market leader’s price is able to stay above $33,730.

The trader’s post comes after BTC continued its ascent over the past 24 hours. At press time, CoinMarketCap data indicated that the cryptocurrency printed a 1.38% gain throughout the past day of trading. Subsequently, the leading cryptocurrency was changing hands at $35,182.38, which was well above the key level highlighted by Mind Trader.

Daily chart for BTC/USDT (S…The post BTC Establishing a Good Foundation and May Climb to $40K: Trader appeared first on Coin Edition.

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