Bitcoin Price Soars Above $64,000: Bull Run Phase 2 Begins?
The post Bitcoin Price Soars Above $64,000: Bull Run Phase 2 Begins? appeared first on Coinpedia Fintech News Bitcoin has stormed back into the spotlight, reclaiming its position above the $64,000 mark today. This resurgence, however, spells trouble for short sellers, who have seen over $150 million worth of their positions wiped out in just a day. However, Crypto expert Titan of Crypto confidently declares that Bitcoin is now entering the second phase …
The post Bitcoin Price Soars Above $64,000: Bull Run Phase 2 Begins? appeared first on Coinpedia Fintech News
Bitcoin has stormed back into the spotlight, reclaiming its position above the $64,000 mark today. This resurgence, however, spells trouble for short sellers, who have seen over $150 million worth of their positions wiped out in just a day.
However, Crypto expert Titan of Crypto confidently declares that Bitcoin is now entering the second phase of its bull run, potentially setting the stage for a profitable period for investors.
Here’s why.
Welcoming the Bitcoin Bull Run
As Bitcoin’s price shoots back up to match last week’s highs, Titan of Crypto sees this as the starting gun for a bullish rally. They suggest that the necessary price dip before a Bitcoin rally has happened, signaling the beginning of the second phase of Bitcoin’s bull run.
A monthly Bitcoin chart shared on social media reveals intriguing parallels from previous cycles. The current cycle mirrors trends from the last three cycles, hinting at potential price surges.
#Bitcoin is in phase 2 of the Bull Run.
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