The world’s leading digital currency has turned bullish after trading in a bearish zone. Keeping in view this bullish trend, a crypto trader says that this breaking of bitcoin above the key level of $7100 may take it to the $7870 level.

Recently, a crypto whale sold an amount of $10 million worth XBT Bitcoin contracts to the BitMEX three times in a row consecutively. This made the price value of the coin turned bullish by reaching the $7200 area. However, the value of the coin went down slightly to the $7100 level.

ROBOT RATING PROPERTIES TRADE
The News Spy

✮✮✮✮✮

Top Rated Robot

80% Claimed Win-rate$250 DepositAccepts Credit Card Trade NowRead Full Review

So, now there are two crypto traders who have given different BTC predictions in the upcoming days. One gives the bullish prediction while the other gives the bearish prediction.

Break above the $7100 level may take BTC towards $7870

A crypto trader named Scott Melker says that the leading asset has recently broken above the $7100 level and this beak would let the price value of the coin surge to the area of $7870. However, he also said that this break could also result in the fall of the price value of the coin moving the coin below the $7100 level.

He has been posting several tweets today. After that, he said in a tweet that a break of a blue line will confirm the bottom line. He pointed out that the red line shows resistance while the backline shows key support.

BTC price will go down from $8300 to $6000

There was another prediction about the price value of the coin. A crypto trader, TraderSZ said that the price of the coin could go down from the level of $8300 to the $6000 mark. He stated that Bitcoin will firstly move up toward the $8300 mark, then it will decrease down to the $600 area.

Furthermore, he pointed out that a break below the $6k mark may take the BTC price to the $4300 level.

ALSO READ  Bitcoin Social Media engagements reach All Time High in 2020

LEAVE A REPLY

Please enter your comment!
Please enter your name here