Hello dear friends of this great social real, let this post serve to share with all of you some insights on what could be the next scenario of the Bitcoin price action, this if we take into account that the BTC found stability at the $23,000 level.
The above reinforces the thesis of a probable uptrend restart, more however, some analysts believe that Bitcoin is far from turning everyone into optimists, as it may fall at any time back to the $18,000 area.
In consideration of both projections, I wanted to create the debate starting with the following question; Is Bitcoin's price action far from a potential bullish scenario.
In a recent article socialized by William Suberg in his segment on the Cointelegraph portal, he emphasized that although the macroeconomic data in the United States caused modest volatility, this is no guarantee that we are in a general trend change, as traders took their time heading into the weekend.
Equally pointed out Suberg, opinions on the longer-term outlook were mixed, with some arguing that there was little reason to be confident that the Bitcoin rally would continue.
In this regard, I would like to know your views on whether indeed; is Bitcoin's price action far from a potential bullish scenario.
SOURCES CONSULTED
Cointelegraph Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Cointelegraph
