Bitcoin will soon enter a “new era” if price action is anything to go by. This is the view of one crypto commentator and analyst on Twitter, MoonOverlord. As per his Wyckoff analysis, Bitcoin is in the early stage of a possible rally that could lift prices to new highs following accumulation. BTC Dominance and
Bitcoin (BTC) indicators signal a price revival that will see price surge, retesting its all-time highs of $20,000 by July 2020. This is the review of one swing trader and technical analyst who took to Twitter, laying down his reasons. Benefits from its Safe Haven Status Behind this optimism are several fundamental and technical developments.
As Bitcoin soars, breaking above a key psychological level and igniting a wave of longs, one trader now says BTC Call Options are more expensive than Put Options and that Implied Volatility has drastically risen at the back of a spot-driven rally. Because of this shift, he now pours cold water on the heating market