As the last quarter of the current year approaches, to that same extent the bullish assumptions for the price action for Bitcoin strengthen, this if we take into account that Bitcoin metrics show bullish signals with a BTC price level of USD 60,600 to surpass.
According to information disclosed by William Suberg, “Bitcoin was looking to regain USD 60,000 before the weekly close on August 18, as after-hours BTC price action showed strength.”
Now, “Despite the absence of traders from traditional markets, BTC/USD slowly rose over the weekend, while price indicators suggested a possible continuation to the upside.”
On the other hand, and in correspondence to popular trader and analyst Rekt Capita “Bitcoin is ~125 days after the Halving. Bitcoin tends to explode in the Parabolic Phase of the cycle about ~160 days after the Halving.”
In this regard, “If history repeats itself, Bitcoin could be just over a month away from an explosion. That would be the end of September.”
They concluded by making a call to comply with the law or else they could be punished by law “the use of means of payment not authorized by the JPRM, or its total or partial simulation, is expressly prohibited in accordance with the provisions of Article 98 of the COMF.
SOURCES CONSULTED
Cointelegraph. Bitcoin metrics line up bull signals with $60.6K BTC price level to beat. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
