$BTC
Should You Sell Bitcoin?
Looking at the Bitcoin price that hasn't moved very much for a week, most whales are worried.
Crypto Petal, a well-known analyst, said recently that it is difficult to distinguish whether it is reassuring or worrying. What he said is that Bitcoin is currently trading at $106,500 and the outcome is one of two options: a rally to $120,000 and a dip to $75,000.
If the Bitcoin bulls can provide the amount of market demand they need, the bull run will continue to $120,000.
If not, the price will fall below the $90,000 support zone and the price will fall to around $75,000. Bitcoin has surged 21.46% in one month and only 1.62% this week is really raising eyebrows.
On the other hand, Coincodex's analysts say that the price of Bitcoin will reach $127,872 in the next five days and $155,583 in the next three months.