The market cools down after the launch of an investment product leading to a consolidation phase, as QCP Capital notes in a recent report. The price movement may continue its crab trend, as volatility will decrease, according to the firm, in recent days at the level of 60%. As a result, the overall market sentiment seems bearish or at least uncertain. Most bitcoin traders and investors are counting on further profits, as November has historically been an optimistic month for the cryptocurrency. In support of this thesis, the "from stocks to flow" model created by Plan B analyst caused a lot of hype. The model created to measure the amount of BTC produced and the market demand response allows you to predict the price of bitcoins. According to the model, BTC should have an upward trend and reach a target price of about $80,000 over the next two weeks and exceed $100,000 by the end of 2021. Plan B updates its followers via its Twitter account. The analyst expects Bitcoin to return to the opening price with a massive rally in the short term. Top Gainers Now: #CryptoTrading
No comments yet