An experienced professional investor Scott Redlerin a recent tweet, another important Bitcoin (BTC) claimed that his rally was about to ignite.
Famous Investor Thinks It’s Time For Another Bitcoin (BTC) Rally
Redler believes it’s time for the biggest cryptocurrency to take off.
$BTC trying to Ignite a bit. It’s time.
— Scott Redler (@RedDogT3) October 23, 2022
Redler’s latest comment comes after the world’s largest cryptocurrency spent several weeks trading in a very narrow range.
Bitcoin’s volatility last week for the first time in two years S&P 500′fell under the hood.
At the same time, the extremely high derivatives volumes suggest that this is just the calm before the storm. Arcane Research analyst Vetle Lunde He recently predicted that Bitcoin is on the verge of another major rally.
Bitcoin price reached an all-time high last November. 69,044 from dollars 72% rate has declined.
Last month, Redler reported that Bitcoin price is at its 2022 low. 17,600 if the dollar breaks the level 10,000 He predicted that it could fall as low as $.
However, Bitcoin bulls have so far managed to prevent Bitcoin from falling below this level.
On Sunday, Bitcoin (BTC) surged to the $19,500 level just before the weekly close, giving the bulls a glimmer of hope. However, Bitcoin persistently remains in a certain range.
*Not investment advice.
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