Analyst Knowing $ 3,200, $ 10,500, 3,500 and More in Bitcoin: We’re at These Levels in July!
In the past few days, Bitcoin has struggled to pass $ 10,000. Leading cryptocurrency was rejected from key resistance for the second time in a week and fell to $ 9,200. Analysts, however, believe Bitcoin may rise to prices above $ 10,000 in the coming weeks.
Analyst holding many estimates: Bitcoin can see $ 11,500 in July!
According to master analyst SmartContracter, who estimates that Bitcoin will drop to $ 3,200 six months ago, BTC is on the verge of rallying upwards of $ 10,000. The analyst, who shares the table below, stated that “Bitcoin has recently established a significant resistance”, while the cryptocurrency emphasized that it maintains very important historical levels. The analyst also concludes that a move towards $ 11,500 in July was possible in his forecast.
The graphic shared by SmartContracter shows that Bitcoin is ready to rise even more in the coming days. SmartContracter knew about $ 3,200 in Bitcoin, 2020 rally, 2020’s big Bitcoin crash and more. The analyst also enjoyed a high success rate in other predictions. This positive outlook was shared by other analysts. A popular trader, Big Cheds, said that as long as Bitcoin has kept $ 9,350 in key timeframes, as in the past few days, the cryptocurrency could exceed $ 10,000:
ACCESS TO BTC WAS GIVEN FOR BULLS . PRICE TRADING ABOVE MY BULL TRIGGER, LET’S SEE… BOTH ABOVE THE MONTHLY + WEEKLY S / R LEVELS AND LOW TIME INTERVAL. IF IT CONTINUES TO KEEP THE PRICE ABOVE $ 9,350, I SEE THAT WE ARE GOING TO $ 10,5 THOUSAND.
Trader: Massive Bitcoin sales wall could stop rallies near term
While the technical outlook is taking shape in favor of the bulls, there is a $ 10,000 sales wall that poses a short-term threat to Bitcoin, according to analysts. According to data shared by a crypto trader, Bitcoin has an important $ 10,000 sales wall in front of it. According to market data on May 14, trader stated that there are 2.461 BTC sales orders at $ 10,000 in Binance and 500 BTC sales orders at $ 10,000 in Bitstamp. Also, according to trader, there are hundreds of cryptocurrencies in other exchanges between $ 10,000 and $ 10,400, indicating that there is a sales wall worth at least $ 30 million. According to analysts, if BTC fails to catch a bid during the recovery attempt in the coming days, crypto money can be rejected here as it will serve as resistance for the crypto market as long as the Binance sales wall remains in the order book.