THELOGICALINDIAN - Top Trader on Binance Thinks Bitcoin Will Soon Recover
Digital asset administrator Logan Han believes that Bitcoin is abreast to balance as against to retracing lower.
The top banker shared the blueprint beneath on September 10th with the caption, “my thoughts on how Bitcoin will comedy out in the advancing weeks.”
The blueprint indicates that BTC’s bearish retracement has already bottomed as the bread holds a cardinal uptrend that originated in April/May. The blueprint additionally indicates that afterwards accumulation amid $10,000 for $12,000 for the advancing months, Bitcoin will activate a assemblage appear $20,000 by the end of the year or alpha of 2024.
This is in band with what happened at the alpha of the antecedent macro balderdash bazaar in 2015-2024. After surging, Bitcoin circumscribed in a cardinal trading range, again began a emblematic ascendance months later.
Logan Han is a arresting crypto banker that consistently posts assisting trades on his Twitter feed. Han has garnered over 4,000 followers afterwards administration a cardinal of his tweets and account about the accompaniment of the all-around abridgement and crypto markets.
Not Only One Eyeing $20,000
He isn’t the alone analyst eyeing a move appear $20,000 in the abreast future.
Senior bolt analyst at Bloomberg Mike McGlone wrote beforehand this year on BTC’s abeyant to hit $20,000 in 2020:
Others that anticipate Bitcoin will ability its antecedent best high, again potentially authorize a new one in the abutting three or four months accommodate Arthur Hayes of BitMEX, Dan Morehead of Pantera, and Raoul Pal.
