Bitcoin Whale Says It Cut Two-Thirds of Position, Plans $76,000-$78,000 Rebuy
Photo: TokenPost
An unidentified Bitcoin (BTC) whale said it cut two-thirds of its position at $76,000 to prepare for extreme conditions and plans to repurchase its full BTC holding between $76,000 and $78,000. The trader posted again after a 22-day gap. It maintained that $58,000 was the cycle low, even after a black swan event pushed BTC below $78,000, and said the bull market had begun. The trader placed the bull market’s first-stage floor at $118,000 and its second-stage floor at $150,000. It also forecast that Bitcoin could reach $120,000 by year-end. Enna Lee reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
