Sykodelic Sees Explosive Moves Ahead for Bitcoin in Q4 Setup

Crypto analyst Sykodelic predicts explosive market moves ahead of Q4, citing a weak weekly close for Bitcoin as a trigger.

The $65,300 level was taken out, and Bitcoin posted a weak weekly close, prompting the trader to enter a short position looking for a quick drop to clear built-up liquidity.

Sykodelic expects a drop to $60,500, which would mark the final move lower before a meaningful advance. They believe the February low near $60,000 is the major macro bottom and that the market is close to moving higher overall.