The well-known cryptocurrency analyst and trader RektCapital spoke to his Twitter followers about what needs to happen to the Bitcoin (BTC) rate to continue running on the price chart. He said that if customers can overcome the level of $ 27,600, which now acts as a resistance, then we can count on another increase in the value of the asset.
At the same time, the expert said: this should happen in the next few weeks. Otherwise, the price of BTC will drop to $25,000. Another popular expert, IncomeSharks, said it will buy more bitcoins when their price reaches $25,000.
He said he has opened several orders to buy digital coins. The analyst emphasized that trading cryptocurrencies is difficult, however, sometimes everything becomes clear.
The expert said that in January 2023, he encouraged his followers to buy bitcoins at $20,000 and resell them at $30,000. The expert said that for this he only needs to open 2 buy and sell orders and wait a few months, to lock in a profit of 50%.
IncomeSharks added that unlike bears, who were negative and made a mistake in January with the forecast, the expert did not ask clients to wait for the $12,000 mark and buy Bitcoin only when it arrives.
The expert said that the price of Bitcoin again drops in the range of $ 21,000 and $ 25,000 is expected. He said that the increase in the number of scammers, meme tokens, and related markets shows some problems in the market. As of 2:45 p.m.
Moscow time on May 20, 2023, the Bitcoin (BTC) cryptocurrency exchange rate was $26,882. The value of digital gold is $520.93 billion, up 0.23% from yesterday.