The post Bitcoin Price Analysis: Here is When the BTC Price May Explode Again appeared first on Coinpedia Fintech News
Since the beginning of February, the crypto markets have had an extremely bullish influence. The volume has been exceeding every day, indicating the massive involvement of the market participants. Now that the BTC price is consolidating within a very narrow range, it is expected that the token could replicate a previous price action soon. With this, the price could trigger a 25% jump and mark the highs beyond $75,000, but when?
The latest price action suggests Bitcoin has officially entered a bull market and is getting ready for another huge breakout. According to some reports, the OTC desk balances are running close to zero, which indicates that large institutions may again start to accumulate. Therefore, this could be a major reason to be bullish on Bitcoin, along with the fact that profit-taking activity has slashed heavily compared to that of the 2021
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