Jiang Zhuoer, founder of the LakeBTC mining pool, said Bitcoin is still trading within an uptrend channel and that a pullback is inevitable.
He said that if $82,300 marks the high before the correction, Bitcoin may enter a drawn-out, wide-range oscillation pattern. Jiang said he is more optimistic about Bitcoin rising to $83,000-$84,000 before pulling back to $72,000.
Jiang Zhuoer Says Bitcoin Remains in Uptrend Channel as Pullback Looms
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