Bitcoin price could remain above $130,000
The price of Bitcoin, with slight upward or downward fluctuations, could remain above $130,000, according to analysts
It is well known that the price of Bitcoin fluctuates; however, industry experts, such as Ted Pillows, predict that the leading cryptocurrency could remain at $130,000.
Of course, there are related factors that influence the setting of BTC’s price, such as market liquidity, the Fed’s interest rate decisions, and circumstantial events or increases in the price of gold.
On the social media platform X, market analyst Swissblock, who specializes in digital assets, posted a thread listing potential bullish catalysts for BTC: “Bitcoin is in the process of finding a bottom. The key to watch: our Aggregated Impulse Signal.” This is a metric used by the platform, based on the exponential price structure of the top 350 altcoins, which, according to the platform, “is the most accurate top and bottom signal in the market.”
According to the company, once it returns to “0”, it historically “the end of a bottom and the beginning of an upward continuation” occurs.
M.Pino
Source: cointelegraph
(Reference image source: Kanchanara on Unsplash)
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