Cedric Cerezo Sees Bitcoin Test $75,000 Before a Possible Move to $92,000

Trader Cedric Cerezo outlined a conditional path for Bitcoin (BTC), with a possible slide to $77,000 and brief dip to $75,000 before a potential November move toward $90,000 to $92,000. Cerezo's upside case depends on BTC holding its 50-week exponential moving average (EMA) and buyers clearing resistance between $85,000 and $87,000. Cerezo said BTC had fallen below its 50-day EMA while remaining above the 50-week EMA. He said daily-chart weakness left room for another decline, but a short move below support would not by itself mean a new bear market.

Source: TokenPost