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According to Krüger, it is worth opening a long position once <a href="https://u.today/more-pain-ahead-for-bitcoin-price-bloomberg">the Bitcoin price</a> breaks above the $7,900 level, which would put the “crypto king” back on track.
He determined that $7,600 would be the coin’s nearest support level. If it plunges below this price mark, it opens the door for a slew of further pullbacks, which could eventually send the BTC price back to $6,400 (the most traded price of 2018).
<a rel="nofollow" target="_blank" href="#">card</a>
As <a href="https://u.today/bitcoin-price-hits-6400-this-is-officially-a-new-bull-market">reported</a> by U.Today, Krüger previously stated that Bitcoin going above $6,400 would confirm the next bull market. Indeed, since breaching this psychologically important mark, BTC continued its meteoric rise to $9,000.
Despite the recent downturn, Krüger sticks to a <a href="https://u.today/wsj-bitcoin-price-could-hit-50000-as-options-traders-become-aggressive">bullish</a> scenario, alleging that he would start buying bags of BTC once its price drops below the $6,800 area.
<blockquote class="twitter-tweet" data-lang="en">
I see the 6800-6200 area as a gigantic buying area. I do not know if price will drop there. I know what I'll do if price drops there.
— Alex Krüger (@krugermacro) <a rel="nofollow" target="_blank" href="https://twitter.com/krugermacro/status/1136287498710200320?ref_src=twsrc%5Etfw">June 5, 2019</a></blockquote>
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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 474)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
__TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
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Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
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Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3114 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('Trading expert Alex Krüger <a rel="nofollow" target="_blank" href="https://twitter.com/krugermacro/status/1136286134403764225">claims</a> that Bitcoin price is still vulnerable as it’s struggling to gain more steam after an exhausted price.
Advertisement
According to Krüger, it is worth opening a long position once <a href="https://u.today/more-pain-ahead-for-bitcoin-price-bloomberg">the Bitcoin price</a> breaks above the $7,900 level, which would put the “crypto king” back on track.
He determined that $7,600 would be the coin’s nearest support level. If it plunges below this price mark, it opens the door for a slew of further pullbacks, which could eventually send the BTC price back to $6,400 (the most traded price of 2018).
<a rel="nofollow" target="_blank" href="#">card</a>
As <a href="https://u.today/bitcoin-price-hits-6400-this-is-officially-a-new-bull-market">reported</a> by U.Today, Krüger previously stated that Bitcoin going above $6,400 would confirm the next bull market. Indeed, since breaching this psychologically important mark, BTC continued its meteoric rise to $9,000.
Despite the recent downturn, Krüger sticks to a <a href="https://u.today/wsj-bitcoin-price-could-hit-50000-as-options-traders-become-aggressive">bullish</a> scenario, alleging that he would start buying bags of BTC once its price drops below the $6,800 area.
<blockquote class="twitter-tweet" data-lang="en">
I see the 6800-6200 area as a gigantic buying area. I do not know if price will drop there. I know what I'll do if price drops there.
— Alex Krüger (@krugermacro) <a rel="nofollow" target="_blank" href="https://twitter.com/krugermacro/status/1136287498710200320?ref_src=twsrc%5Etfw">June 5, 2019</a></blockquote>
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Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
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Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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