Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening.

The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. Swift wrote:

“1yr HODL % still really high? Yep. Bitcoin being rushed off exchanges? Yep. Funding…


Source link

About bitcoin

Check Also

What if bitcoin went to zero?

Aug 2nd 2021 THE RECENT expansion of the crypto-universe is a thing of wonder. Only …

Leave a Reply

Your email address will not be published. Required fields are marked *