“The Price of Btc Has Seemingly be Capped at $ 110,000 for Several Weeks, with The Price Quickly Reversing Each Time Approached that Level.”, – WRITE: www.coindesk.com
Broke Out of It Recent Very Tight Trading Range Dringing Us Wednesday Afternoon Hours, Threatening to Tople Its Record of $ 112,000.
The MOVE CAME AMID A BROADER Crypto Rally that Also Saw Ethereum’s Ether
Surge 6% to $ 2,760, ITS HIGHEEST Level in a Month. Bitcoin Itself Was Ahead 2.4% AT $ 111.400 AT Press Time.
For BTC, The $ 110,000 Level Has Been A Significant Barrier Over Weeks with Investory Taking Profits Each Time The Price Neareed that Level.
Still, Market Watchers Noted That Slow, Quiet Buildup Could Be a Bullish Setup.
“Crypto Feels So Quiet, [while] Bitcoin Is Ready to Move, “Wrote Charlie Morris, Chief Investment Officer at Bytetree, In A Report.
Morris Pointed Out That Bitcoin’s Valativity Has Steadily Decklined, A Pattern that Historically Preceded Large Upward Moves.
Bitcoin 90-Day and 360-Day Volatility (Bytetree)
“The Setup for the Next One Is Looking Good,” He Said. “AS I KEEP ON SAYING, The QUiet Bulls Are The Best.”
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