• An analyst from Crypto Banter predicted that BTC could climb to $32.6K in the next few weeks.
• However, a break below $26,121 may lead to BTC dropping to $23K, warned the analyst.
• Gareth Soloway believes traders are trading BTC and NVDA, chasing which of the two is hot/moving, while selling the other.

Analyst Kyledoops from Crypto Banter predicted that the price of Bitcoin (BTC) could rise to $32,600 if it is able to break above $28,900 in his latest analysis. In the video, he also highlighted the 50 and 100 EMA lines on the 4-hour chart as important levels to watch in the coming few days. According to the analyst, a break above these technical indicators will be bullish for BTC.

The Crypto Banter analyst did, however, mention that this bullish thesis will be invalidated if BTC fails to hold above $26,121. A break below this level could be an early sign of the market leader’s price falling to $23K within the following 2 weeks, warned Kyledoops.

Interestingly, the order book depth for BTC is currently very thin. As a result, a whale will be able to easily sway the price depending on the position that it takes on the cryptocurrency, according to the analyst…

The post BTC Could Reach $32.6K if It Breaks $28.9K, Predicts Analyst appeared first on Coin Edition.

• An analyst from Crypto Banter predicted that BTC could climb to $32.6K in the next few weeks.
• However, a break below $26,121 may lead to BTC dropping to $23K, warned the analyst.
• Gareth Soloway believes traders are trading BTC and NVDA, chasing which of the two is hot/moving, while selling the other.

Analyst Kyledoops from Crypto Banter predicted that the price of Bitcoin (BTC) could rise to $32,600 if it is able to break above $28,900 in his latest analysis. In the video, he also highlighted the 50 and 100 EMA lines on the 4-hour chart as important levels to watch in the coming few days. According to the analyst, a break above these technical indicators will be bullish for BTC.

The Crypto Banter analyst did, however, mention that this bullish thesis will be invalidated if BTC fails to hold above $26,121. A break below this level could be an early sign of the market leader’s price falling to $23K within the following 2 weeks, warned Kyledoops.

Interestingly, the order book depth for BTC is currently very thin. As a result, a whale will be able to easily sway the price depending on the position that it takes on the cryptocurrency, according to the analyst…

The post BTC Could Reach $32.6K if It Breaks $28.9K, Predicts Analyst appeared first on Coin Edition.