Bitcoin traders eye $28K retracement as BTC price retains 20% gains
BTC price could be in line for a dip of around $2,000 after days of straight upside, with Bitcoin buyers lying in wait. Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.” BTC/USD 1-hour chart. Source: TradingView Bitcoin dip-buyers "ready" for $28,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains . BTC price performance had wowed the day prior, the largest cryptocurrency returning to the $30,000 mark for the first time since mid-April. Now, hopes were increasing over a modest correction next, enabling lucrative entry points for further long positions. #BTC Not shorting, waiting for an entry lower. pic.twitter.com/WgIibKQAs9 — Ed_NL (@Crypto_Ed_NL) June 22, 2023 “Bitcoin looking at this scenario,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers. “I think, $28.500 is a great spot for longing, the lower the better, but I think ...