Trader Eugene: The price trend in the next few days will determine the medium- and long-term direction of Bitcoin

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ChainCatcher news, trader Eugene Ng Ah Sio posted on the social platform that "the price trend in the next few days will be very critical and determine the medium-term and long-term direction of Bitcoin.

Although Michael Saylor was the initial buyer of Bitcoin in the $59,000 to $63,000 range, if the price of Bitcoin can sustain above $63,000, it means that the net direction of the market is upward again. If it falls below this level, the market may return to a volatile market.

I think the current situation is 60-40 that we have entered a new situation, but this will be the first real test.”

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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