Crypto Analyst Says Bitcoin's 'Ticking Time-bomb' Signals Historic Expansion
Portfolio Pulse from Bibhu Pattnaik
Cryptocurrency analyst Credible Crypto predicts a significant upward shift for Bitcoin (BTC), citing a period of record low volatility as a precursor to a historic expansion. Fellow analyst TechDev also noted that BTC's three-week chart is nearing compression levels that have previously signaled the start of bull markets since 2012. Another analyst, Tone Vays, remains bullish on BTC as long as the support level at $28,000 is not breached.
August 13, 2023 | 1:25 pm
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Analysts predict a significant upward shift for Bitcoin, citing record low volatility and approaching compression levels. The bullish sentiment is expected to hold as long as the $28,000 support level is not breached.
The analysts' predictions are based on technical analysis of Bitcoin's price movements. The record low volatility and approaching compression levels are seen as indicators of a potential upward shift. The support level at $28,000 is also a key factor, with the bullish sentiment expected to hold as long as this level is not breached.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100