It is rather easy to see how the current cryptocurrency market trend is not necessarily heading in the direction traders and speculators want to see. Despite the Bitcoin price showing bullish signs these past few days, it now seems all of that positive momentum has disappeared once again. The following potential price targets for the world’s leading cryptocurrency should not be overlooked throughout the second half of this week.
Range-bound Between $11,400 and $13,000
A few days ago, a very interesting chart was shared with the rest of the world. Trader ValdoVeek expected the Bitcoin price to jump to the $13,000 range earlier this week, although it seems he expected this to be a major hurdle which wouldn’t be overcome all that easily. After failing to break this level in a decisive manner, it now seems, the $11,844 range is the next target after this steep drop to the low $11,400s. There is also a chance the value will drop below $11,000 in the coming days, as that wouldn’t take too much pressure to materialize.