Bitcoin's Future: Price Predictions, Bullish Structure, and Potential Tumble

1 min read
Source: The Daily Hodl
Bitcoin's Future: Price Predictions, Bullish Structure, and Potential Tumble
Photo: The Daily Hodl
TL;DR

A crypto analyst with a large following suggests that Bitcoin's bear market is over and a bullish expansion is imminent based on several high timeframe indicators. The analyst points to Bitcoin's Bollinger bands, which have compressed enough to indicate a likely breakout to the upside. Additionally, the altcoin market is also showing signs of a breakout. The analyst compares Bitcoin's support at the beginning of a long-term bullish impulse with the breaking of a downward resistance in the OTHERS chart, which measures the market cap of all crypto assets except BTC and ETH.

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