According to Geert van Lagen (Gert van Lagen), the chart shows the transition of the first cryptocurrency from a downward trend to an upward one. Now Bitcoin is moving around the handle, and is “on the verge of entering the banana zone”, meaning a period when BTC and altcoins experience explosive growth in value, the specialist explained.
The dynamics of spot bitcoin prices also indicate that bitcoin has reached a new historical maximum.ETF, the analyst noted. Over the past twelve days, companies issuing exchange-traded funds have recorded a positive inflow of funds. According to the specialist, the upcoming growth of the asset is also indicated by the increased inflation index of long-term holders of the first cryptocurrency, which has maintained a critical support level at $61,500.
Earlier, Real Vision expert Jamie Coutts said that the first cryptocurrency will soon “enter the season of madness.” According to the analyst, the Bitcoin rate will exceed $150,000 by the end of the year.
Source: Bits
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