Crypto News

Posted 2023-05-15 03:39:56

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Trader Targets $63,000 Bitcoin Price for New Bollinger Band “Breakout”

Bitcoin (BTC) may be poised to hit record gains thanks to a simple trendline breakout, or at least, a popular trader hopes.

During a Twitter (NYSE:TWTR) discussion on May 5, the Titan of Crypto recorded a rare bullish signal in the Bollinger Bands indicator for Bitcoin's monthly candlestick chart.

Bitcoin Price May Experience an “Unshakable Breakout”

BTC price action is currently impacting sentiment in different ways on different timeframes. While observers are uncertain about the short-term moves, there is a consensus that Bitcoin is more likely to rally as the next halving approaches.