A Crypto Strategist Warns of Bitcoin Volatility Amid Market Turmoil
A popular crypto strategist is cautioning investors about potential volatility in the price of Bitcoin (BTC) in the coming weeks, citing broader market turmoil fueled by US President Donald Trump’s tariffs.
Altcoin Sherpa, a pseudonymous trader with a substantial following on the social media platform X, predicts that Bitcoin could enter a period of consolidation with a trading range between $70,000 and $90,000.
According to Altcoin Sherpa, Bitcoin is likely to test the upper bound of the trading range at $90,000 as trading volume increases during the consolidation phase.
Analyzing the charts, the trader suggests that Bitcoin’s momentum is building towards the $90,000 mark after surpassing the 100-day exponential moving average at $81,980.
However, Altcoin Sherpa also issues a warning that if Bitcoin fails to maintain support at $78,000 on the weekly timeframe, the crypto market could experience a significant downturn.
As of the time of writing, Bitcoin is trading at $82,393, showing a 3.5% increase in the last 24 hours.
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