Chris Burniske, former head of Ark Invest’s crypto division, suggested that cryptocurrencies, especially Bitcoin (BTC), have been stuck in tight price ranges for a long time, suggesting that a boom in the near future would not be surprising.
Chris Burniske October 10 In his post on his social media account, the famous crypto economist Cobie “Price candles have been flat for almost a month.” his views on the market, dedicated to his sharing expressed. Share your prices with high volume narrow gaps Stating that he is stuck in between, the analyst said that the market will move in a certain direction after a short time. to explode it wouldn’t be surprising suggested.
Analysts, prices with high volume a long period of time to the range squeezing whales sales or buying suggests that the process may be Therefore, with the whales removing the pressure on the price, the prices will move volatile is being considered.
On the other hand, despite the low prices developing and integrated into traditional finance cryptocurrency industry, assets fundamentally to the level of value brings. In this context, experts say that some cryptocurrencies will continue to lose value, but the industry in general is a vault He claims to live.