RATE Group | Crypto Trader Screams Bullish Green Bitcoin Price in July
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Crypto Trader Screams Bullish Green Bitcoin Price in July

13 Jul Crypto Trader Screams Bullish Green Bitcoin Price in July

Posted at 18:37h in Bitcoin News by

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Bitcoin is having a mixed July so far. The price of the flagship cryptocurrency has hit a slump of late after beginning the month on a solid footing thanks to President Trump’s latest tirade and the aspersions being cast on Facebook’s Libra cryptocurrency.

Chart showing bitcoin price.

But despite the recent dip in bitcoin prices, one trader still believes that the cryptocurrency could end July at $16,000.

An aggressive bull cycle could push bitcoin prices higher

TradingShot is a well-followed provider of trading signals on TradingView.com with more than 7,500 followers. The platform estimates that bitcoin’s parabolic rise will push the cryptocurrency higher until it reaches a new peak. According to TradingShot:

“The Inverse Head and Shoulders serves the purpose of deflating this rally with a sharp pull back and consolidation before the Channel Up…

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