Coinbry

  • Market Cap: $2,674,906,040,843.70
  • 24h Vol: $125,701,081,404.93
  • BTC Dominance: 51.10%
Bitcoin Price Could Experience a Bullish Surge Next Month as Long as the 200-Week Trendline Remains Intact

Bitcoin Price Could Experience a Bullish Surge Next Month as Long as the 200-Week Trendline Remains Intact

Analyst Cole Garner believes that Bitcoin and the broader crypto market are poised for a breakout if multiple time-tested patterns continue. He points to whale accumulation trends as a positive sign for the bull market, with both whales and smaller investors increasing their BTC exposure. Garner emphasizes the significance of the Bitcoin-to-stablecoin ratio on Bitfinex, which has historically preceded major bull runs. While the timing of the breakout is uncertain, Garner suggests a Q3 launch is likely. However, he notes that a weekly close below the 200-week moving average could invalidate the bullish scenario.

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