Analyst Identifies Key Narrative as Potential Catalyst

Bitcoin’s price has declined by over 10% after briefly surpassing its all-time high of $69,000, largely driven by significant investor interest in BTC Spot Exchange-Traded Funds (ETFs). Despite this volatility, Bitcoin rebounded to the $68,000 level, signaling renewed positive sentiment and sparking predictions of a major rally to new heights. Key Narrative Could Propel Bitcoin […]

Bitcoin Upside Momentum Expected to Slow Down, Analyst Says

March 8, 2024 Despite the prevailing optimism about Bitcoin’s prospects, an analyst on X suggests that the recent bullish momentum may not sustain its pace. Drawing attention to changes in the Bitcoin log curves, the analyst anticipates the cryptocurrency will encounter resistance as it strives to climb higher. Bitcoin’s Upward Trajectory May Decelerate The analyst […]