Let this post serve to share with all cryptocurrency lovers some bullish outlooks that run through the expert projections on Bitcoin's price action.
Specifically, I am referring to the projections being made by experts on the movements that the Bitcoin price action tends to develop, in this sense among the most optimistic is trader Kaleo who says that BTC is ready to leave the base range of 16,000 - 17,000 dollars..
From my perspective, although the range of 16,000 - 17,000 dollars has become a stagnation zone, which suggests that a strong breakout of this zone could develop in the following weeks, I believe that this will not be what we will see in the coming weeks, as the price will continue to stagnate or rather lateralise in this zone.
According to William Suberg's briefing note in Cointelegraph, one gets the sense that fellow trader and analyst Rekt Capital joined the growing consensus on the current narrow trading range in the BTC/USD pair forming the next lower macro zone.
However, beyond these positive assessments, from my perspective, Bitcoin's price action will remain sideways until a favourable macroeconomic event occurs.
SOURCES CONSULTED
Cointelegraph Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image background: Cointelegraph
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