The Bitcoin price is continuing its meandering, sideways path, while sustaining itself above the critical $58,000 level. That said, a pivotal point is approaching, where the winner between the bulls and the bears will decide the direction of the next big Bitcoin move.
The most unlikely scenario for Bitcoin
Bitcoin is 161 days into this grinding sideways consolidation period that started when the $BTC price hit the all-time high of $73,800 back in March. The next possible scenario is either a continuation, a break down, or a break upwards.
If we take the most unlikely scenario first – a break down would possibly mean that the $BTC price just continues to roll over, until it hits a point where the bull trend breaks, and the last support fails, and it enters a bear market – well ahead of time.
Is this really likely to happen? Global M2 money supply reached an all-time high on Monday. Global liquidity is increasing as more currency needs to be printed in order for world govern
We współpracy z: https://cryptodaily.co.uk/2024/08/big-bitcoin-btc-move-is-coming
