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Current Bitcoin Price: $ 7,092.81

Crypto trader predicts mega bounce in Bitcoin price


Crypto trader predicts mega bounce in Bitcoin price

Credible Crypto expects a mega bounce in Bitcoin price by the end of 2019. The Bitcoin price continues to range in the $8,100 region, while some traders are sharing their short-term predictions. 

Credible Crypto tweets "I have had the 7.2-7.4k region as my bottom target for some time now, but if it is lost I think we test the mid 6k region and then we get our mega bounce to 14k+. Will be buying more spot all the way down and likely opening some low-leverage longs in the mid-6k's."

Reportedly, Bitwise are "closer than ever" to Bitcoin ETF approval. It is considered that SEC is supposed to announce their final decision as early as this week, the Bitcoin would experience another major move in the short-term.