Cryptocurrency analytics firm MarktQuant has released an optimistic market update stating that Bitcoin has entered a full bullish phase. Positive momentum has been building steadily over the past four days and is showing signs of accelerating. MarktQuant analysts believe in Bitcoin's strong medium- to long-term outlook and expect an increase in liquidity driven by China's bank balance sheets. The firm predicts a significant short squeeze with a target price range for Bitcoin. However, MarktQuant warns of increased volatility and urges caution, particularly for those holding high-beta or leveraged futures positions.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-21
Analysis Company: "The Bull Phase Has Started in Bitcoin", Shares Price Target