US EditionBitcoin Trades at $105,500 ‘Pivot Point’ but Long-Term Outlook Remains Optimistic, Analyst Says
- On May 30, crypto analyst KillaXBT advised investors to open long positions near Bitcoin's $104,000 level amid current trading at about $104,500.
- This recommendation follows a recent price correction from nearly $112,000 and aligns with KillaXBT's bullish view despite a market downturn and reduced trading volume.
- Additional analysts like Dave the Wave and Justin Bennett also predict short-term dips to around $98,000 before Bitcoin resumes upwards, supported by technical indicators such as the weekly MACD.
- KillaXBT targets a Bitcoin rebound to $120,000 by mid-June, while CoinCodex forecasts a price near $132,409 within five days, indicating potential gains exceeding 25%.
- If Bitcoin drops decisively below $97,000, this bullish setup may fail, but current analysis suggests sustained investor optimism and potential for renewed price rallies.
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Bitcoinist
TheSpuzzBitcoin Set to Hit $120,000? Analyst Predicts New ATH in Mid-June
After trading at nearly $112,000 to establish a new all-time high (ATH), Bitcoin has since slipped into a corrective phase losing over 7% of its value since then. Despite this market downturn, prominent crypto analyst with X username KillaXBT has tipped the premier cryptocurrency to regain its bullish form, and soon re-enter price discovery territory. Bitcoin Traders Should Swing Long At $104,000 – Analyst In an X post on May 30, KillaXBT has sh…
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