Cryptocurrency1 hour ago (Jun 29, 2020 06:00PM ET)
New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month
Earlier this week on-chain analyst Willy Woo released a new price model for (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market.
The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.
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