In the Bitcoin space, one question echoes persistently through the minds of enthusiasts and investors alike: When will Bitcoin rocket to the moon? While no one knows the answer, there are on-chain metrics and historical patterns that can be followed to track down the answer. Bitcoin Price Analysis: When Will BTC Break Out? Over the last two weeks, the Bitcoin price has been in a sideways trend. After the Bitcoin bulls were able to turn the tide at $24,900, the price has risen by more than 25%. Since then, however, BTC has been trading in the range between $29.800 and $31.300. Neither bulls nor bears have been able to gain the upper hand and break out of the trading range in higher time frames. The renowned crypto trader and analyst “Rekt Capital” believes that all it takes is a positive catalyst to current BTC price action. According to him, Bitcoin’s current sideways trend within a tight range is a mere step away from its ultimate demise. He affirms that “a BTC downtrend is only ever one positive catalyst away fro ..
Support the originator by clicking the read the rest link below.
