The current pullback in the price of Bitcoin (BTC) might be the set-up for a bullish move according to insights shared by Wolfe Research, a renowned Markets Analytics platform. Per Wolfe Research’s thesis, the bearish correction being experienced presents a good buying opportunity.
Bitcoin (BTC) Price Offers Risk-Reward Scenario
The month of November has been quite eventful for Bitcoin (BTC) seeing the premier cryptocurrency soar as high as $38,400 on November 24 as the confluence of positive fundamentals triggered the bull’s intensive buyback.
With the coin putting its strong foot forward in its frantic pace to end the month on a positive note, bearish pressure has prevented the push to keep the price above the psychologically important level of $40,000. The series of drops presents a buying opportunity that can give a good reward for those who can afford the risks.
The $40,000 immediate price level projected by Wolfe Research is obviously not too ambitious for Bitcoin to attain.
We współpracy z: https://coingape.com/bitcoin-btc-price-to-hit-40k-after-current-pullback-wolfe-research/
