Bitcoin 'Heavy Breakout' Fractal Suggests BTC Price Can Hit $98,000 In 2021.
08 Oct 2021, 08:00
Bitcoin ‘Heavy Breakout’ Fractal Suggests BTC Price Can Hit $98,000 In 2021
Bitcoin is up 25% in the last 7 days and yesterday crossed the $55,000 price mark for the first time since May. The renewed price uplift comes after last month’s notable sell-offs that were associated with the Chinese new ban threats, regulatory pressures on exchanges, and the Evergrande crisis.
Gemini co-founder and President Cameron Winklevoss tweeted about it saying that the recent uplift signifies Bitcoin was ready for a breakout. He was speaking to a possible further upward shift in prices. The comments highlight the renewed positive mood among many Bitcoin supporters and investors.