Maintaining the price of bitcoin around $20,000, despite hacking Binance’s Smart Chain for $100 million today, could be a bullish signal.
The famous crypto trader TraderSZon his live show “Bitcoin for the Highs,” has a long short-term tilt that is targeting $21,500.
Bitcoin Price Prediction Today – TraderSZ
Bitcoin has now closed three daily sessions around the $20,000 level, and TraderSZ considers the BTC is in a macro support zone at the previous all-time high in the growth market.
As the price of BTC is currently holding around a area from which it has been sidelined for the past two weekly sessions – potentially a period of consolidation before the expansion – it expects an upward move.
On the weekly chart, TraderSZ considered the top of the range around $24,300 as a distant target, as well as stops above the $22,800 high.
He also expected the bitcoin price to rise when CZ Binance tweeted about the BSC flaw, which happened.
Binance Smart Chain Hack
The price of Binance Corner (BNB) is currently down 3% in the last 24 hours, and TraderSZ otherwise expects it to fully recover.
TraderSZ is known for its often short-term and bearish positions, so its outlook Current bulls – at least in the short term – are newsworthy.
TraderSZ also analyzed the S&P 500 and noted that a rally in the bear market could bring the SPX up to 4,300, while remaining within the overall macro downtrend seen so far in 2022.
New jobs data due out Friday – US report NFP (non-farm payroll). This could lead to some bitcoin price volatility.
Initial jobless claims remained elevated yesterday, bad for DXY and potentially good for bitcoin, the trader tweeted. Alpha BTC.
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