Analyst’s Forecast: Bitcoin (BTC) Could Rally To $5,800, Then Collapse By $1,000

Over the past seven days, Bitcoin (BTC) has expressed an uncharacteristic lack of price action. In fact, since April 16th, BTC has ranged between $5,170 and $5,325, as buying and selling orders have dwindled to month-to-date lows.

However, one analyst, Murad Mahmudov of Adaptive Capital, is predicting that over the coming week or two, the cryptocurrency markets will finally begin to show signs of action after some further stagnation. In a recent Trading View post, the prominent analyst, who skyrocketed to fame partially as a result of his appearance on Anthony Pompliano’s “Off The Chain” podcast, explained a potential scenario he sees for BTC.

Original source

Add comment

Please Sign in to be able to leave comments.