Bitcoin analysis mostly ‘noise,’ a $70K breakout is what matters
Another Bitcoin break above $70,000 will be a significant signal for traders, but according to Mati Greenspan, analysis is “pretty futile” until it happens.
Bitcoin price watchers are scrutinizing charts top to bottom, but one analyst says there’s little point until the cryptocurrency gets closer to its all-time high again.
“It’s the breakouts that are exciting, so until we have a breakout, analyzing the charts will be pretty futile,” Quantum Economics founder Mati Greenspan explained to Cointelegraph.
He claimed there is “a lot of noise” from crypto traders and analysts giving market commentary at the moment.
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Author: Ciaran Lyons
