3 reasons why Bitcoin is still due further BTC price upside
Bitcoin is keeping the bull market alive and well despite ETF volatility failing to offer a definitive BTC price breakout — for now.
Bitcoin briefly saw new 2023 highs this week but ultimately failed to break out of its range — is the bull run over?
BTC price action continues to struggle with overhead resistance near $50,000 amid increasingly volatile conditions.
For traders, however, there is reason to believe that patience is all that is needed in order for more significant price moves to enter.
From on-chain data to supply shocks and a “reset” of derivatives markets, the stars are aligning for the next leg up in the ongoing Bitcoin bull market.
Cointelegraph takes a look at these factors in more detail and discovers who remains firmly optimistic about what BTC/USD will do next.