Bitcoin

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<ul class="news-points"> 
 <li>Crypto trader Christopher Inks predicted Bitcoin would rise higher before a price pullback.&nbsp;</li> 
 <li>The analyst mentioned a recurring 61.8 retracement seen in previous bull cycles, which could be repeated.&nbsp;</li> 
 <li>Bitcoin would hit the upper 40s to lower 50s and see a pullback to the mid-30s, according to the expert.</li> 
</ul> 
Amidst the tremendous surge in the world’s largest cryptocurrency by market cap and <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin’s price</a>, the market worries about a possible pullback that could significantly impact the digital asset’s price.&nbsp; 
In a <a href="https://youtu.be/yegrsvYEJPE" target="_blank" rel="nofollow">recent video</a> on YouTube, crypto trader Christopher Inks noted these fears in an interview with fellow trader Scott Melker but said the digital asset could still peak higher.&nbsp; 
Looking at historical charts, Inks pointed at a 61.8 retracement, which he said was seen in previous cycles. At the start of the last bull cycle, the trader said Bitcoin’s price dropped from $14,000 to around $3,000. It also saw a similar retracement during COVID-19, down to $4,000.&nbsp; 
However, the analyst pointed out that Bitcoin’s current upward trend is strong. While charts show the token is overbought, the analyst predicted the price could stay upward for longer.…
The post <a href="https://coinedition.com/bitcoin-pullback-possible-but-upward-trend-remains-strong-expert-trader/">Bitcoin Pullback Possible, but Upward Trend Remains Strong: Expert Trader</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Pullback Possible, but Upward Trend Remains Strong: Expert Trader

Coin Edition

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