Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Bitcoin has risen about 27% over the past month, fueling expectations for higher price targets, but the next pullback will be the real test, CoinDesk reported. Chris Sullivan, co-founder of crypto hedge fund Hyperion Decimus, said Bitcoin has become overbought after the recent rally and likely needs a correction to test the strength of the trend. Sullivan added that if the decline deepens, the $67,000-$70,000 range could act as support.
Samir Kerbage, CIO of crypto asset manager Hashdex, said the $80,000-$90,000 range tends to have very little trading volume. Kerbage said a sideways move between $75,000 and $83,000 could help the market build a base, while a steady climb above $83,000 could open the way for a push toward $100,000.