We are experiencing an unusual or unexpected event or at least that's how I see it, because even though I am among the bulls I know we have reached resistance levels in a very short time, however for some analysts these concise projections are developing with the current momentum and trend of Bitcoin.
According to information socialized by William Suberg, Bitcoin bulls are looking for the USD 69,000 BTC price target, while BTC price action looks unstoppable even ahead of Wall Street, with the highest levels since late 2021 welcoming Bitcoin bearishness.
In the same context Suberg, "During the Asian session, Bitcoin not only erased its sudden 4% losses but also added long-term highs and was on its way to USD 52,000 at the time of writing."
The truth is, "The characteristic bullish behavior saw BTC/USD add USD 1,000 in a single hourly candle, while the total crypto market capitalization was brushing the USD 2 trillion mark with Bitcoin topping USD 1 trillion."
Now, "Taking a longer term view, popular trader and analyst Rekt Capital suggested that everything was happening according to classic bull markets for Bitcoin", I would like to know your appreciation on what was discussed here.
SOURCES CONSULTED
Cointelegraph. Bitcoin bulls flirt with $69K BTC price target as crypto market nears $2T. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
