Decentrader's Filbfilb believes Bitcoin's capitulation action may drive price back to the area double the bear market bottom of 2018.
on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom.The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb“In my worst case scenario, I think that would be probably where we end up, like oldschool, rock-hard support,” he said about a bidding zone around $6,500.
While “unlikely” under current circumstances, Filbfilb nonetheless argued that more significant repercussions from the FTX implosion could remove bid support higher up the order book, opening up the door for such a capitulation event.
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