We would like to announce about the upcoming next bull cycle for Bitcoin!
Following a month-long consolidation period, the buying pressure behind Bitcoin is finally being reflected on prices.
During the weekends, Bitcoin broke resistance level and exploded above $60,000.00 ! World’s largest digital currency has soared to $61,495, coming close to leaving its previous all-time high behind
Bitcoin and altcoins keep recording new highs with retail and institutional interest at peak level. The leading digital asset crossed $60,000 momentarily to form a new all-time high. Stock to flow says bitcoin should be priced at $100,000 to $288,000 this year. We have 12 years of data on Stock to flow on bitcoin. Following bitcoin’s surge to $60,000, a major retracement was expected, but the price has stabilized instead.
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