Bitcoin (BTC) Is Now Ready For A Massive Move

Bitcoin has been consolidating above $9k for a really time long now.

At the moment of writing this article, BTC is trading in the green, and the coin is priced at $9,342.13. It’s up by more than 1.30% in the past 24 hours.

Bitcoin’s three-month-long tightening trading range may end

It’s been just revealed that Bitcoin’s three-month-long tightening trading range may end right away, says Morgan Creek Digital executive Jason Williams.

He posted on Twitter that the king coin seems to be poised for a big move upwards. BTC is approaching the apex on an ascending triangle pattern on the short-term timeframe.

A follower said: “Been investing and trading for way too many years to make a prediction on when #bitcoin will move higher. I disavow any near term prediction of time or magnitude. If someone is buying based on such a prediction I strongly suggest DONT! THINK YEARS not Days, Weeks, Months.”

Someone responded: “To counter-argue predictions is a prediction in itself. There is no arguing with quantitative data. ‘Gut feelings’ do not apply. Length of experience does not automatically equate to profitability and expertise. The chart does not lie.”

Here’s what pseudonymous crypto trader Walter Wyckoff had to say as a prediction for this week:

Stay tuned for more predictions.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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