The Bitcoin cost holding around $20k despite the Binance Smart Chain being hacked for $100M today, might be a bullish signal.
Popular crypto trader TraderSZ in the ‘Bitcoin for Ledges’ live stream includes a temporary lengthy bias targeting $21,500.
Bitcoin Cost Conjecture Today – TraderSZ
Bitcoin has closed three daily candle lights round the $20,000 level, and TraderSZ views BTC to stay in a macro support zone in the previous bull market in history high.
Because the BTC is cost has become holding around a place it had been rejected from over the past two weekly candle lights – potentially a time period of consolidation before expansion – he expects further continuation towards the upside.
Around the weekly TraderSZ charted the number high around $24,300 being an extended target, in addition to stops over the $22,800 high.
Also, he expected the Bitcoin cost to rally when CZ Binance released a tweet addressing the BSC exploit – which in turn happened.
Binance Smart Chain Hack
The Binance Gold coin (BNB) cost is presently now lower 3% previously 24 hrs, which TraderSZ also expects to recuperate fully.
TraderSZ is renowned for frequently shorting and being bearish, so his current bullish outlook – a minimum of for the short term – is newsworthy.
Also charting the S&P 500, TraderSZ noted a bear market rally might take the SPX up to 4,300, but still remain inside the overall macro bearish trend seen to date in 2022.
