{"id":141581,"date":"2024-11-07T08:00:54","date_gmt":"2024-11-07T06:00:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141581"},"modified":"2024-11-06T18:00:02","modified_gmt":"2024-11-06T16:00:02","slug":"key-level-for-bitcoins-bull-market-success-according-to-top-trader","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/key-level-for-bitcoins-bull-market-success-according-to-top-trader\/","title":{"rendered":"Key Level for Bitcoin&#8217;s Bull Market Success, According to Top Trader"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/x.com\/TheFlowHorse\/status\/1853546958222217549\">explained<\/a> <\/strong>that if <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>reaches $80,000 or comes close but fails to maintain that level, then falls back into its previous price range, it could signal a pause in the bull run.<\/p>\n<p>While he acknowledges that Bitcoin could eventually surpass $100,000 over time, he emphasized that the path to that milestone is uncertain and depends on how the market behaves in the near term.<\/p>\n<p>The Flow Horse also <strong><a href=\"https:\/\/web.telegram.org\/k\/#-2248608681\">discussed<\/a> <\/strong>the recent shift in market sentiment, noting that as the U.S. presidential election draws closer, many investors appear to be leaning toward a bearish outlook. He observed that risk appetite has decreased since betting markets showed a shift in odds, particularly surrounding Kamala Harris.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-poised-for-parabolic-surge-if-this-level-holds-says-crypto-expert\/\" title=\"Bitcoin Poised for Parabolic Surge if This Level Holds, Says Crypto Expert\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-8-3-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Poised for Parabolic Surge if This Level Holds, Says Crypto Expert<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite this, he believes the market is still positioned to test its highs, as the rally from late October had a strong buying push, suggesting large players were positioning before a breakout. However, he pointed out that perpetual contracts were recently trading at a discount, indicating that some investors are hedging their positions or possibly shorting the market as they assess risk-reward opportunities.<\/p>\n<p>Furthermore, The Flow Horse stressed the importance of Bitcoin maintaining the $67,500 level as support to sustain its uptrend. He referred to this price point as a crucial level that aligns with a previous supply zone and a trendline shift. While a loss of this support wouldn&#8217;t invalidate the larger bullish trend, it would introduce more bearish pressure, making the market sentiment shift more negative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto trader, The Flow Horse, has pinpointed $80,000 as a pivotal price level for Bitcoin (BTC), stating that how Bitcoin reacts to a potential rise to this mark will likely determine whether the current bull market continues.<\/p>\n","protected":false},"author":9,"featured_media":114930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-141581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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