Trader Ansem Says Bitcoin Isn’t the Best Buy Now, Sees Better Altcoin Opportunities
Summary
- Trader Ansem, who has 960,000 followers, said this is not the best time to buy BTC and that there are more attractive altcoin investment opportunities in the market.
- He said BTC is retesting a key resistance zone between $65,000 and $66,000 on the weekly chart, and that a close above that range would likely lead to a retest of $72,000.
- He also said a break below the support level at $63,800 could trigger a further drop toward $60,000, and added that he would consider a short entry opportunity and a sell position if the market offers a clear setup during a short-term consolidation phase.
Forecast Trend Report by Period
Crypto trader Ansem, who has 960,000 followers, said there are more compelling opportunities in altcoins than in Bitcoin at current levels.
In a June 17 post on X, formerly Twitter, Ansem wrote that this is not the best time to buy BTC. He said the market offers altcoin candidates with higher expected returns.
Ansem said BTC is at a key technical inflection point.
Bitcoin is retesting a major weekly resistance zone between $65,000 and $66,000. If it manages a daily or weekly close above that range, the next target would likely be a retest of $72,000.
If BTC falls below support at $63,800, however, it could slide further toward $60,000.
He added that he would consider taking a short position if the market presents a clear entry during a period of short-term consolidation before a downside break, including through the absorption of stop-loss selling.
Bitcoin is hovering near a key resistance level as traders look for direction. In the near term, whether it breaks through major support or resistance may determine the next leg of the trend.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
