‘Violent Up-Only Price Action' Around the Corner for Bitcoin, Says Crypto Analyst

‘Violent Up-Only Price Action' Around the Corner for Bitcoin, Says Crypto Analyst – But There's a Catch

A prominent crypto analyst believes that Bitcoin BTC BTC - $62742.610 is gearing up for a parabolic rally in the current bull market cycle. In a new strategy session, pseudonymous crypto trader Kaleo tells his 642,800 followers on the social media platform X that based on historic precedence Bitcoin could soon enter price discovery.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-08-01 09:25:01 GMT.

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Price & Market Data

Price: $62742.610

Volume 24h: $43,786,579,259.41

Market Cap: $1,239,561,829,499.46

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.