Is Bitcoin About to Explode? Analyst Weighs � CryptoMode

Cryptomode_202403 Jun, 2024Business

Analyst Eric from Known Crypto predicts Bitcoin (BTC) is poised to explode based on its current trajectory. The expert highlighted Bitcoin?s significant breakout from its long-term consolidation pattern since October 2017. For the first time since the 2017 bull run, he states that Bitcoin has closed above its previous highs, signaling the potential onset of a significant upward trend projected to reach new highs by late 2024 or early 2025. The Expert also pointed out that quarterly volatility and momentum indicators are in the bullish control zone, lending further legitimacy to this breakout.