Tony Edward (Tony Edward) explained that traders who made a profit during the recent surge in the prices of the first cryptocurrency are now waiting for the right moment to enter the exchange again:
“Market analysis suggests that dry powder, representing growing stablecoin reserves, could be a major catalyst for higher Bitcoin prices.”
According to the analyst, the bull cycle is far from over and investors do not expect the price of Bitcoin to fall below $90,000 in the short term. If digital gold can hold its position at the key support level of $99,000, this will mark the beginning of a rapid rally for the coin, and altcoins after it, the expert said.
Previously, macroeconomist Alex Krüger said that Bitcoin is now experiencing a “super cycle”, which is very different from previous multi-year cycles of the cryptocurrency market.
Source: Bits
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