Bitcoin (BTC) is Poised for a “Moon Mission” – Expert Crypto Trader Explains the Potential Surge

By Daisy Hodley Nov 19, 202359Views

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Bitcoin Ready for an Upside

If you look at the Bitcoin price recently, it appears the crypto king is about to experience another surge to the upside. According to a popular analyst, Credible Crypto, the latest pullback flushed out overleveraged traders. Open interest (OI) is back at healthy levels as spot market bulls continue to accumulate BTC, tracking the total number of outstanding derivatives contracts that have not been closed for an asset. The analyst also believes that the bearish price action of altcoins supports his bullish stance on crypto, suggesting market participants have the dry powder to move capital to BTC. As of the moment, Bitcoin is trading at $36,519, well above Credible Crypto’s downside target at $35,766, indicating that the BTC is likely to experience a recovery very soon.

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Bitcoin Facing Another Upsurge?

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Daisy Hodley

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy's insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding. A guiding star for both intrepid explorers and curious novices venturing into the crypto realm, Daisy's insights form a compass for discerning decision-making amidst the ever-shifting currents of cryptocurrencies. With the touch of a literary artist, they craft a narrative that enriches the evolving mosaic of the crypto landscape.