CandleFocus Bitcoin (BTC) Has Only 14 Days Left to Avoid 'Longest Sideways' Ever, Analyst Says
2024-10-11
Author: Content Editor
Bitcoin's performance in the bull market is being hindered by alarming CPI data and legal challenges, according to CryptoQuant's founder. If Bitcoin does not break out of its current sideways phase within the next 14 days, it will mark the longest sideways period in a halving year in history. Previous halving years have seen Bitcoin entering a parabolic growth phase by this time, but this year is different. Some analysts predict a 75% crash if Bitcoin remains in this state, while others believe the current setup resembles the one before Bitcoin's rally in 2020. Bitcoin is currently trading at $61,100.
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