Bitcoin rockets to $96,750 on massive Coinbase news, signaling renewed institutional demand. We also sit down with the founder of Football.Fun ahead of its highly anticipated TGE to discuss vision, utility and market impact.
Bitcoin’s New Possible Move
Bitcoin has been in a state of flux in recent months, and its price has fluctuated wildly. However, there are now signs that Bitcoin may be ready to make a new move.
Technical analysts believe that Bitcoin is forming a bullish pattern, which suggests that it could soon break out to the upside. This pattern is known as a “double bottom,” and it occurs when the price of an asset falls to a low point, then rebounds, and then falls to the same low point again before rebounding once more.
If Bitcoin can break out of this pattern, it could signal the start of a new bull market. However, it is important to note that this is just one possible scenario, and there is no guarantee that Bitcoin will actually make a new move.