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Weekend bull trap? Traders remain cautious as Bitcoin price rebounds to $18K

cointelegraph.com

As Cointelegraph reported yesterday, some traders still anticipate BTC to see another drop in the near term before the rally can continue. A pseudonymous trader known as “Crypto Capo” predicted Bitcoin would see a relief rally to $18,000 as it dropped to the $16,000 region.

On Nov. 27, when the price of Bitcoin was still hovering at around $16,700, the trader said he is ready to short $18,000. Considering that the $18,200-$18,400 area remains a resistance range, the trader said: A technical analyst called “CryptoBirb” said that Bitcoin typically faces two types of correction: 15% and 30%.

Read in Full: cointelegraph.com
Bitcoin BTC
$ 69855.1

Timeline of Bitcoin

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Bitcoin Bitcoin
69853.6000 -1.04%
Ethereum Ethereum
3527.84000 -1.41%
BNB BNB
608.300000 3.09%
Solana Solana
185.008000 -1.21%
XRP XRP
0.61175100 -1.78%