Bitcoin Is Ready For An Explosive Move, Analysts Say

This morning, Bitcoin is trading in the red and the most important coin out there is priced at $9,420.77 at the moment of writing this article.

Important analysts are saying that Bitcoin has recently consolidated around $9,000, and the fact that this has been going on for more than a month it could end as Bitcoin’s volatility hits a critical level.

Analysts believe that Bitcoin is ready for a move upwards

The online publication mentions some important analysts who believe that it’s time for Bitcoin to move upwards.

Crypto analyst CryptoBirb told his followers that the king crypto is poised for a big move after trading in a narrow range for a month and a half.

The same online publication also brought up crypto strategist Edward Morra who highlighted the fact that BTC’s volatility is back to the level it reached before it fell pretty bad back in March.

Trader Cantering Clark is also mentioned by the online publication. His thoughts echo Edward Morra’s sentiments on Bitcoin’s volatility.

He said that BTC’s low volatility is setting the stage for an explosive move.

Experts have been expecting to see Bitcoin’s price exploding after the halving that took place back in May, but this hasn’t happened so far.


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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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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