Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

Calm before the storm? Analyst says $20K Bitcoin possible in 3 months

Mohit Sorout says Bitcoin could rise to a new all-time high in three months when it breaks out of the existing range. The price of Bitcoin (BTC) has been consolidating within a tight range for several months. If the top cryptocurrency successfully breaks out, Bitazu Capital founding partner Mohit Sorout says a record-high would be imminent.Since July 2020, Bitcoin has been ranging between $10,200 and $11,800, a 15% range. It has seen subdued volatility for a prolonged period, except for some short instances of a volatility spike.When Bitcoin stays stable for a long time in a tight price....


Related News

Recession Woes Are Far From Over Despite Brexit Recovery

If the Deutsche Bank were to collapse - which seems inevitable right now - they would impact every other financial institution on the planet. The global ramifications would be so widespread; the world whole would be pushed into recession again. The Brexit is raising a lot more questions than we have answers at this time. Despite turmoil on the stock and fiat currency markets, there is no significant altercation to speak of. The so-called Brexit “fear’ has not materialized yet, albeit this could be a period of the calm before the storm. At the same time, the IMF is pointing at Deutsche Bank....

Bitcoin Price Stays Range-Bound, But How Long Can It Hold? Watch This Level T...

After beginning the week with a steep drop from around $78,000, the Bitcoin price appears to have found stability near $73,500. However, a recent on-chain evaluation suggests that if a condition is not met, this newfound stability might just be the typical calm that precedes a storm. Bitcoin’s Key Support Sits Around $72,400 Crypto analyst […]

As Bitcoin Breaks $50k, Indicators Show A Calm Before The Storm

As Bitcoin retests the $50k price level, on-chain indicators seem to be aligned so that they suggest the coin might explode upwards soon. Bitcoin Indicators May Be Showing A Calm Before The Storm As pointed out by a CryptoQuant post, Bitcoin indicators seem to be showing some interesting values right now. Some of these even look similar to the build up to the late 2020/early 2021 rally that lead to the all-time-high (ATH). Here is a quick explanation (along with the data) of the three relevant metrics the chart talks about: The transactions count indicator shows the average number of....

Ethereum Sees Neutral Netflow On Binance: What Does This Signal?

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently experiencing a phase of neutrality in its market activity. According to a CryptoQuant analyst known as Darkfost, Ethereum’s netflow on Binance has reached a balanced state, with deposits and withdrawals stabilizing. So, what does this mean for ETH? Related Reading: Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise A Signal To Buy Or Sell? According to the analysis shared by Darkfost, this current behavior seen in Ethereum’s netflow on Binance might indicate an....

4 Crypto Presales Gemini Claims Could Ignite a 2025 Bull Run

While the crypto market has cooled off some after an explosive few weeks, savvy investors know this is just the calm before the storm. Typically, when the market consolidates after hitting new highs, it signals an accumulation phase, essentially preparing for the next leg up, which can be more parabolic than the first. What’s Your […]