Thread: Bitcoin Price Stuck in Rut: Here's What Traders Can Expect This Weekend

The bankruptcy filing by the crypto exchange giant FTX has created a black hole in the crypto space as the market has lost billions of dollars because of the FTX crash. But, it may mark the birth of a fresh bullish start for the crypto market by Q1 of 2023 because it sets a new goal for leading assets to bounce back to unexpected price levels.

Bitcoin To Ignore Its Consolidated Zone Soon!

The crypto industry, which once promised the community and investors decentralized and trust, now has turned out to be a joke, ending up with dictatorship after FTX's demise. But, as per Coinpedia, Bitcoin seems to continue its legacy and lead the market to the north as it aims to initiate an upward rally by next week.

The platform has discussed about a famous crypto analyst called Matthew Dixon, the CEO of Evai, he predicts that Bitcoin may extend its current consolidated price range if it exceeds the price level of $17K. Moreover, he predicts that Bitcoin may form an upward triangle pattern in the price chart with two tops between $17.6K and $17.4K price range. Bitcoin may project itself with a smooth run to $19.5K if it crosses its resistance at $17.6K by the next week.