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Article • 12 months ago

Bitcoin Analyst Predicts "Air Pocket" Could Propel BTC Price Higher Than Expected

Bitcoin Analyst Predicts "Air Pocket" Could Propel BTC Price Higher Than Expected
Summary
  • Bitcoin has been trading within a tight range of $25,000 to $31,000 for over six months.
  • The prolonged period of compressed volatility suggests a potential explosive move to the upside.
  • A break above $31,000 could lead to an "air pocket" and push the price of Bitcoin towards $39,000.

Source: https://dailyhodl.com/2023/10/23/bloomberg-analyst-says-air-pocket-on-bitcoin-chart-could-trigger-btc-explosion-to-39000/

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