Bitcoin return to $73K could be a start to ‘escape velocity’ phase
A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset.
A potential return of Bitcoin (BTC) to $73,000 could mark the beginning of the asset’s acceleration to “escape velocity,” according to a crypto analyst.
Escape velocity is a term used in astrophysics to describe the minimum speed needed for an object to escape from the gravitational field of a celestial body, like a planet or moon, without further propulsion.
Crypto analyst James Check used the term in a May 21 market report to describe what Bitcoin could do once it retakes the $73,000 price point.
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Author: Ciaran Lyons
