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BTC to Hold Its $58K Price Tightly to Avoid Pullback, Says Crypto Analyst -Breaking

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© Reuters. BTC will keep its $58K price tight to prevent pullback.
  • Lark Davis says Bitcoin’s price should be pinned tightly at $58,000 to avoid pullback.
  • This can lead to BTC falling to the 50s.
  • Today, Davis posted this statement to Twitter (NYSE:).

Lark, an Ardent cryptocurrency trader and analyst on-chain, appears to be closely following (BTC’s) price movements these days. Davis stated today that it would be great if BTC maintained its daily close at $58,000 in order to prevent pullbacks.

We would love to see the daily close at $58,000. If we fail to achieve this, it could mean that the market will drop back down to the low 50s.

He said that Bitcoin can plummet to the lower 50s if it falls below $58K. BTC currently trades for $56,187.86, based on Coingecko.

In some way, the current Bitcoin price action is gradually confirming Davis’ sentiments. The failure of the main crypto to maintain its current performance will indicate that BTC is heading for a decline of 50s lows.

Davis posted this Bitcoin news update directly on Twitter. This prompted lots of responses from Twitter Bitcoin lovers. Many believe that regardless of the crypto market’s downsides and anything that will happen, BTC price will never fade, rather, it will survive for good.

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