Coin Edition -
- An analyst anticipates that BTC hitting $36K could be a good thing for altcoins.
- At press time, BTC was trading at $24,446.85 after its price surged 0.90%.
- Symmetrical triangle formed on BTC’s daily chart suggests a breakout may be on the horizon.
Cryptocurrency trader and analyst CryptoTony shared in a post on X (formerly Twitter) that he believes Bitcoin’s (BTC) price is very likely to hit $36,000 soon, which could be good news for altcoin traders. According to the analyst, BTC’s price may experience a drop after hitting $36K, and as a result, there will be a liquidity inflow into altcoins.
$BTC / $USD – Macro Update I still very much expect this to occur. #Bitcoin to hit $36,000, decline, for the liquidity to trickle into #Altcoins If you find my charts helpful, sign up to my partners and trade using my link using code M1CZN5