Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through.
The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a crypto trader.
“We will spend considerable time here and accumulate,” pseudonymous crypto trader Emperor wrote in a July 23 X post after explaining that the $66,000 price level has been “broken multiple times and then retested as support.”
Bitcoin (BTC) breached the $66,000 level on July 20 for the first time in 37 days and has been hovering around that region ever since, according to CoinMarketCap data. At the time of publication, Bitcoin is trading at $65,602.
