CoinVoice has recently learned that a number of high-profile traders have expressed their views on Bitcoin's near-term trend, according to Cointelegraph. Trader TheKingfisher pointed out that there are currently intensive long positions in the $95,700-96,000 range, and a large number of short positions in the $96,500-97,000 range, which may become price magnets and are expected to fluctuate sharply. Analyst Michaël van de Poppe believes that as long as Bitcoin sustains above $91,500-92,000, it is still expected to hit new highs. At the same time, he reminded that the crypto market tends to see a pullback before the Fed meeting and is expected to return to the upward trend after bottoming out on Tuesday.
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CoinVoice has recently learned that a number of high-profile traders have expressed their views on Bitcoin's near-term trend, according to Cointelegraph. Trader TheKingfisher pointed out that there are currently intensive long positions in the $95,700-96,000 range, and a large number of short positions in the $96,500-97,000 range, which may become price magnets and are expected to fluctuate sharply. Analyst Michaël van de Poppe believes that as long as Bitcoin sustains above $91,500-92,000, it is still expected to hit new highs. At the same time, he reminded that the crypto market tends to see a pullback before the Fed meeting and is expected to return to the upward trend after bottoming out on Tuesday.