Bitcoin price compression will spark expansion: Will BTC explode toward $120K?
Bitcoin sellers put a cap on $112,000, but technical, onchain data and the end of October US macroeconomic calendar suggest that the price compression will trigger a violent expansion.
Key points:
ETF inflows and spot accumulation by retail and institutional investors highlight the belief that Bitcoin trades at a discount.
Next week’s US macroeconomic calendar events should bring a resolution to a handful of fear catalysts that are suppressing prices across the crypto market.