Bitcoin Traders Think of a New Buying Opportunity to Come

With the recovery in stocks today, Bitcoin was able to continue its rise. With the rise that started in the past days, Bitcoin could rise from $ 5,000 to $ 6,900.

The leading crypto asset is being tried even higher than its current level, but for now the trials fail. It remains completely unclear whether the bulls are strong enough to exceed this level.

Leading analysts state that Bitcoin will reach very high levels in the long term, but will experience a decline around $ 4,000 before this rise. They also state that critical days may come for BTC if the leading crypto asset could not break the resistance in the upper region of $ 6,000.

UB, one of the popular cryptocurrency analysts on Twitter, said in his statement that he believes that Bitcoin will be significantly withdrawn in the short term.

$ BTC – Triple Raid of stops. High for the day is in imo. This is setup for a rug pull.

It’ll be worth watching the reaction after taking the lows at ~ $ 6,150. I may close my short depending on what happens there.

Failure to SFP the lows and I have my eyes on $ 5.9k. the #Bitco pic.twitter.com/nı4upjgkdy

– UB (@CryptoUB) March 24, 2020

Crypto Michaël said that Bitcoin could test the $ 4,200 level to find sufficient support and ignite the spark before the expected bull run. He said that $ 4,200 or $ 4,800 can be tested in the short term and these levels are an unmissable opportunity for the long term.

Short term; We might be seeing high volatility and might be testing the levels at $ 4,200 or $ 4,800.

Long term; I can’t be more bullish on crypto and commodities, knowing what measures are taken everywhere.

These low levels are just massive opportunities.

In my opinion.$ BTC

– Crypto Michaël (@CryptoMichNL) March 24, 2020

In summary, Bitcoin is likely to see lower levels if it does not exceed the resistance it is currently facing in the $ 6,000 zone, but the future of the leading crypto asset in the long term seems to be very bright.