BTC trades bullishly since the last few days and this has captivated the crypto community on twitter magically this time. While the world is fighting a global health crisis, Bitcoin’s price surge is something relieving to hear about. Alex Kruger, the renowned trader, and economist has tweeted in an optimistic way regarding possible upcoming price moves.
Regarding Bitcoin’s short-term outlook, we can surely keep the upcoming Halving in mind. Considering its history of previous halvings, the coin is likely to see some ample growth in its price, as far as other factors fall in place.
The year to date chart clearly focuses on how the coin has bounced back strongly after the market crash. The price recovery has surpassed a few major resistances at $6779, $7349, and $8744. BTC is just below its highest price mark since 2020 started after carrying out a more than 100% rebound.
The way the Bollinger bands have opened even after such hefty price changes, further volatility cannot be denied. In these circumstances, liquidity crunch due to market uncertainty can occur.
