Kraken Crypto Forecast For Top Traders: Huge Bitcoin Bull Run Incoming
Just saw this on the BitcoinOfficial Facebook page; Kraken’s latest report for its top traders is out and it forecasts a huge Bitcoin bull run is in the works:
Kraken Publishes Crypto Forecast for Top Traders, Says History Suggests Huge Bitcoin Bull Run Incoming
San Francisco-based digital asset exchange Kraken has released a report for its top traders to the public, which predicts Bitcoin may be at the start of a major bull run.
The document highlights the fact that the crypto king has finally broken out of a large pennant pattern that has kept bears in control since the latter part of 2017. According to the crypto exchange, the breakout could indicate the start of a new bull cycle as Bitcoin surges above $10,500 and prints a higher high from a macro perspective.
The exchange notes the fact that BTC’s annualized volatility fell to 23% on July 24th. The report stresses that every time Bitcoin’s annualized volatility falls between 15% – 30%, which Kraken refers to as the “suppressed pocket,” sharp moves to the upside typically follow.