Can Bitcoin nail a return to $26,000 into the holiday weekend?
For Michaël van de Poppe, founder and CEO of trading firm Eight, $26,000 represented a key level for bulls to flip next.Twitter followers, referencing the June 16 Martin Luther King Jr. holiday in the U.S.
“For Bitcoin, crucial area to break is $26K. If that breaks, we'll have some acceleration. I'm still long, would still long if we reach $24.4K too.”Among them was Daan Crypto Trades, who predicted a return closer to $26,000 as part of a narrowing wedge structure in place on lower timeframes.
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