Analyst reveals next big buying opportunity for Bitcoin when it breaks this key level
Bitcoin (BTC) has experienced notable volatility recently, reaching its lowest level in over two weeks at $62,498 on August 1. This decline has been attributed to a combination of factors, including reduced expectations of interest rate cuts in the United States and the distribution of 47,000 BTC from the defunct exchange Mt. Gox. Traders are now closely monitoring key support and resistance levels to identify the next significant buying opportunity. In this context, the analyst with the pseudonym Stockmoney Lizards noted in an X post on August 2 that Bitcoin is nearing a critical point, presenting a potential entry point for market participants. Picks for you Is the U.S. economy about to crash? Markets sound the alarm 2 mins ago AI predi...