Cryptocurrency market analyst Inmortal spoke about his expectations regarding the value of Bitcoin (BTC) in the coming weeks. He noted that the next 3-4 days after July 20, 2022 will be critical for the further development scenario. At this time, it will be determined whether the recent movement of the BTC price above $23,000 is a real breakout or just another bull trap for traders.
The expert assured that market participants should keep the value of BTC above this mark for some time in order to create momentum for more significant growth. If this happens, then it makes sense to expect a short-term rally to the $30,000 zone. In his opinion, if this does not happen, then everything could end up in an ugly rejection rejection pattern. Now it is important for the rate of the flagship cryptocurrency Bitcoin to overcome key resistance levels in order to break higher.