Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run
Regarding this headline, I truly don’t see anything derailing this train – unexpected or otherwise
Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run — Bloomberg
“Bitcoin has reentered mainstream consciousness in recent weeks thanks to price rises which topped out at over one-year highs of $12,400.
Despite a modest pullback, gains have broadly been retained, and analysts are confident that trajectory remains skewed to the upside beyond the immediate short term.
‘Something unexpected needs to happen for Bitcoin’s price to stop doing what it’s been doing for most of the past decade: appreciating,’ he wrote.
‘Demand and adoption metrics remain favorable vs. the crypto asset’s unique attribute of fixed supply.’
Charts confirm that Bitcoin is currently within its narrowest Bollinger Band scenario on record — a timely occurrence after creator John Bollinger on Monday described the current bull run as ‘picture perfect.’”