Bitcoin price expected to accelerate if daily close above $113K is secured


Bitcoin price expected to accelerate if daily close above 3K is secured


Bitcoin’s market structure and the recent rally to new highs suggest an accelerated phase of price discovery has just begun.

Key point:

Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000.

Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in the next two months.

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