According to Bloomberg analyst, Bitcoin’s rise above 30 thousand dollars is similar to the bull breakout that started in 2020.
Bloomberg analyst Jamie Coutts He made a statement on Twitter on October 25: in the statementafter Bitcoin’s big rise this week 30 thousand dollars He emphasized the importance of the breakdown.
In his statement, Coutts said that the technical opening of the Bitcoin price broke in July 2020. With the break of the 10,500 resistance kept it equal. Coutts included the following statements in the post:
Bitcoin’s technical breakout this week was equivalent to exceeding the 10,500 resistance in July 2020.
Analyst says Bitcoin has the largest “supply zone” in history 30 thousand dollars He said the level was cleared. Coutts also shared, in 2020 price after the breakout If there are withdrawals It will continue until November 2022. the bull market has begun gave place.
Bitcoin is critical in 2020 10,500 dollar It also made deep corrections after breaking the level, but later 600%It showed an upward performance of . If a similar event occurs, Bitcoin 20-23 thousand dollars It needs to exceed 200 thousand dollars after experiencing a decline to its levels.
According to CoinGecko data, Bitcoin, at the time of writing from $34,134 is being traded.
