Bitcoin could hit $ 37,000, but trader says BTC’s top price will be ‘impossible to understand’

As the battle for the weekly closure intensified, Bitcoin (BTC) published another $ 40,000 test on September 26th.

BTC / USD 1 hour Bitstamp. Source – Trading View

BTC “unlikely” could be delayed by less than $ 40,000

Data from Cointelegraph Markets Pro and TradingView shows that BTC / USD has dropped to $ 40,800 following a previous failed attempt to turn sellers into a $ 40,000 protest.

By keeping the BTC price action in a tight range, on Sunday, the focus is on long-term downside. Analysts also took a bold stance on what might happen next.

as if Series of tweets Reflecting on the vast state of Bitcoin, the well-known trader Pentoshi sees a potential $ 37,000.

“This looks healthy on HTF and could be based on the old HH on the road to AHT and HL,” said popular Twitter trader Pentoshi in a series of tweets on the state of Bitcoin. .

“I believe BTC can trade up to 37k in short, but it won’t last long.”

Pentoshi mentions high-end buyers in the $ 36,000- $ 40,000 range. The Cointelegraph also reports that these are unusual in size.

“We can see that bidding is done in order to fill bids at those levels, but their sheer size is something I have never seen in many exchanges,” he wrote.

“The bottom is closer than you think, and the top is probably a number you can’t understand at this point.

BTC / USD Buy / Sell (Binance) from September 26. Source – Materials Indicators

Hubby wants to “retire” all Chinese users

Elsewhere, concerns about China were equally difficult to change.

Related -Crypto has returned from the Chinese FUD over a dozen times in the last 12 years

Exchange Hubo prepares to suspend Chinese operations 10,000 BTC

Huobi BTC Balance Table. Source – Bible

“In compliance with local laws and regulations, Hbo Global has stopped registering new users in mainland China,” the exchange said in a statement released on Sunday.

Hubi Global will gradually retire the major Chinese user accounts at 24 00 (UTC + 8) on December 31, 2021 to ensure the safety of users’ assets.

According to the Cointelegraph, despite widespread media coverage, nothing has changed in China’s cryptography position, and the cryptography ban has not changed since September 2017.