Trader Eugene: Price Movements in the Next Few Days Will Determine Bitcoin's Long-Term Trajectory
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September 20, 2024
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ChainCatcher reported that trader Eugene Ng Ah Sio posted on social media, stating, "The price action 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 above $63,000, it signifies a renewed upward market direction. If it breaks below that level, the market could revert to a volatile range."
"I believe the current situation is 60-40 probability in favor of a new bullish trend, but this will be the first real test."
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