Bitcoin Price Prediction as Millionaire Trader Says BTC Will Fall to $40,000 Level – Here’s Why

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Cryptonews2024/06/09 10:43

By:Arslan Butt

Bitcoin Price Prediction

Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. However, a recent tweet from millionaire trader Zoran Kole (@Captain_Kole1) has stirred the market. Traders are closely monitoring these levels, as Kole’s prediction adds a layer of uncertainty to Bitcoin price prediction.

Millionaire Trader Says BTC Will Fall to $40,000 Level

Millionaire trader Zoran Kole, known on Twitter as @Captain_Kole1, posted a cryptic tweet mentioning “$44,444,” referencing Bitcoin’s yearly opening price.

His terse apology, “I’m sorry,” suggests a bearish outlook, implying that Bitcoin might revisit or fall below this level. This tweet has sparked concern among investors and traders, as it hints at a potential significant price drop from its current trading levels around $69,300.

Kole’s prediction adds to the uncertainty in the market, prompting closer scrutiny of Bitcoin’s support and resistance levels amidst broader market conditions.

Bitcoin Price Prediction

Bitcoin is currently trading at $69,300, showing a modest increase of less than 0.10%. The pivotal support level is at $68,700, where an upward trendline suggests a potential bullish reversal, and it’s keeping Bitcoin price prediction bullish.

However, Bitcoin faces immediate resistance at $69,600 and $69,750, with further resistance at $70,650. The 50-day Exponential Moving Average (EMA), positioned at $69,600, is a critical level that Bitcoin needs to surpass to confirm a bullish trend.

In conclusion, the current outlook suggests selling below $69,700 and buying above $68,700, contingent on price movements around these critical levels.

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Traders seeking quick, substantial gains might consider newer alternatives, such as tokens in presales. One promising token is PlayDoge (PLAY) , an Ethereum-based cryptocurrency currently in its presale phase. So far, it has raised $3.33 million out of its $3.74 million goal.

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Current Status:

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Token Supply: 9.4 billion PLAY

More game details will emerge soon, but interested investors can participate in the presale on the PlayDoge website. Early investment is advantageous as the presale price increases with each stage, potentially leading to significant gains once the game launches and PLAY tokens are listed on exchanges.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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