Bitcoin traders forecast ‘splendid’ bullish price action now that BTC is above $65K
Multiple Bitcoin price metrics point to an incredibly bullish “post-halving growth trajectory.”
Bitcoin (BTC) price rallied to $65,000 on July 16 after the traders’ fear over the German government selling BTC cooled off. However, there are fears that Bitcoin price may drop to $58,000 as Mt. Gox began moving $6 billion worth of coins from its cold wallet to various addresses.
Despite this, market analysts believe Bitcoin’s “post-halving” growth trajectory is still in play.
Let’s look at some of the reasons why analysts think that the Bitcoin bull market is still underway.
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Author: Nancy Lubale
