Bitcoin traders forecast short-term downside even as BTC price chases $68K
Analysts expect Bitcoin’s price consolidation to tilt toward $60,000, but technical charts favor a liquidation rally toward $82,000. Bitcoin’s (BTC) consolidation extended into a fifth week since making a major low at $60,000 on Feb. 6, but the daily chart shows the range tightening as the price swings between its daily highs and lows narrow.
Bitcoin price compression will spark expansion: Will BTC explode toward $120K?
Bitcoin sellers put a cap on $112,000, but technical, onchain data and the end of October US macroeconomic calendar suggest that the price compression will trigger a violent expansion. Key points: ETF inflows and spot accumulation by retail and institutional investors highlight the belief that Bitcoin trades at a discount. Next week’s US macroeconomic calendar