Top Trader Eugene: Price Movements in the Next Few Days Will Determine Bitcoin's Mid-Term and Long-Term Trajectory

Article is form followin
September 20, 2024
This article is translated by ChatGPT Show original
Back Icon Image

Mars Finance reports that top trader Eugene Ng Ah Sio has posted on social media, stating, "The price movement over the next few days will be crucial, determining the medium and long-term direction of Bitcoin. While Michael Saylor was the initial buyer of Bitcoin in the $59,000 to $63,000 range, if Bitcoin can maintain its price above $63,000, it means the market's net direction is upwards again. If it falls below that level, the market might return to a range-bound scenario. I believe the current situation is a 60-40 probability that we've entered a new phase, but this will be the first real test."

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.