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Bitcoin ripe for 'major leg down' as BTC price nears $80K — Trader

Bitcoin surged close to $80,000 over the weekend, with bulls taking advantage of low liquidity to push prices higher. While BTCUSD is up nearly 15% this week, some analysts are cautious, noting weekend moves often retrace due to liquidity issues. Keith Allen and WhalePanda emphasized the likelihood of pullbacks, with analysts watching for critical weekly and monthly closes. Trader Skew noted that large players might be driving prices through tactics that create artificial lows and trigger algo bidding. Despite the uptrend, Credible Crypto warned of a potential correction, targeting a dip below $50,000.