Bitcoin Trader Warns of 'Max Pain' Scenario, Updates Outlook on Ethereum and Solana; BlackRock Approval Could Boost Bitcoin Price Action
TL;DR Summary
A trader known as Bluntz outlines a potential "max pain" scenario for Bitcoin, suggesting that the cryptocurrency could briefly surge above its yearly high of $31,500 before correcting down to $29,500. However, Bluntz believes this pullback would be a bear trap, with Bitcoin then starting the next phase of its uptrend. The trader also highlights bullish signals for Ethereum against Bitcoin, indicating potential rallies with minor retracements. Additionally, Bluntz expects Solana to correct down to $18 before reversing and rallying towards $24.
- Top Trader Outlines ‘Max Pain’ Scenario for Bitcoin (BTC), Updates Outlook on Ethereum (ETH) and Solana (SOL) The Daily Hodl
- Bitcoin Price Action Could be Bolstered by BlackRock Approval BeInCrypto
- Is this the start of the next bull run? Cointelegraph
- Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally CoinDesk
- Large cluster of leveraged Bitcoin bets at risk of liquidation CryptoSlate
- View Full Coverage on Google News
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