Bitcoin (BTC) Potential Local Bottom: Expert Analyst Shares Exclusive Insights

• In the ever-changing landscape of cryptocurrency markets, predicting the bottom of Bitcoin price correction is a task that piques the interest of investors and analysts alike. Notably, cryptocurrency analyst and trader MilkyBull has offered his insights on the matter, suggesting that Bitcoin’s local bottom has been established due to a specific development.
• Despite a slight decrease in the price of Bitcoin on Monday following its weekend recovery from bear market territory, MilkyBull remains confident that the recent retracement could be the last before BTC begins its upward trajectory.
• According to the expert, given that the next liquidity grab interest is above $64,557, the local bottom for Bitcoin is in. As a result, before moving on to the current all-time high of $73,000, BTC will first clear the $67,000 price level and consolidate. Thus, Bitcoin may eliminate the CME gap below either prior to or subsequent to eliminating the liquidity above $64,975.

Bitcoin’s local bottom is in, and a rally could be imminent, according to cryptocurrency analyst MilkyBull. However, market expert Benjamin Cowen expects a drop in the leading cryptocurrency asset in the coming days.

Bitcoin Local Bottom Is In

Given that the next liquidity grab interest is above $64,557, the local bottom for Bitcoin is in, according to MilkyBull. As a result, before moving on ... Read the full article for FREE at COINOTAG!