Whales Moved $1.5 Billion In BTC In A Series of Transactions. See the Destinations of the Crypto
AI Trading

According to Morgan Creek co-founder and partner, Jason Williams, Bitcoin (BTC), the first and largest cryptocurrency, appears ready for a significant price uptrend in less than 2 days.

Williams shared this prediction with his teeming followers on Twitter a couple of hours ago. He believes that Bitcoin is on the verge of a breakout, as it approaches the apex of an ascending triangle pattern on the short-term timeframe.

Jason Williams wrote:

“This feels like a little World Cup of sorts. Bitcoin could break out on or about the 22nd. I don’t think I would want to be on the sidelines going into this… Bitcoin volatility could be extraordinary to the upside.”

AI Trading

Bitcoin (BTC) Ready for a Significant Price Uptrend in Less Than 2 Days –Morgan Creek Co-Founder

The Opinion of Other Analysts Regarding Bitcoin (BTC) Price Trend

Some other analysts also believe that Bitcoin is breaking out of its tightening range very soon. A crypto strategist identified on Twitter as “Ethereum Jack” hopes to see the leading cryptocurrency breaking out of its comfort zone within a week, as BTC spot volume attains a level that precedes significant expansion.

Another popular cryptocurrency analyst, CryptoBull, also looks forward to seeing Bitcoin (BTC) breaking above $10,000 support level in a matter of hours.

Also, a popular crypto trader, Walter Wyckoff, believes that BTC will break resistances with the help of a bullish S&P 500.

“Probably SPX [is] gonna rip on vaccine news and if that happens [it is] gonna pull up BTC. I think that futures opening on legacy will give a clue on what we should expect for the breakout of BTC. Can’t see Bitcoin giga dumping while markets make new highs.”

However, some other crypto pundits such as the trading veteran, Peter Brandt, expect to see a major crash of Bitcoin (BTC) in terms of price.

He said:

“So I’m trying to figure out where’s this surprise coming from, and I think personally the surprise is that we see a shakeout in Bitcoin. This is not a prediction, but I’m trying to think through the market psychology, which is we have a sharp break in Bitcoin maybe back to $7,000-$7,500.”

At the time of filing this report, BTC is trading at $9,179.52, with a 0.08% price upsurge in the last 24 hours. The optimistic analysts are only hopeful, not certain. The time BTC will print a notable trend could be based on other unknown factors.

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.