CRYPTO ALERT: Researchers have analyzed data pointing to a huge bitcoin price prediction that could add $300 billion to bitcoin's market capitalization.
... [+]Forbes Digital Assets
Following the 2018 bitcoin price crash, 2019's rally saw the price surge back to almost $14,000 by the end of June. The 2018 and 2019 bitcoin price slump and subsequent surge is reflected in bitcoin's 2022 crash and rally through the first few months of 2023. However, somethink bitcoin's slowing"momentum" could signal a rotation into ethereum and other smaller cryptocurrencies, sometimes called"altcoins."
"Bitcoin’s momentum has slowed now at the key resistance level of $30,000," Marcus Sotiriou, market analyst at digital asset broker GlobalBlock, said in emailed comments."This coincides with optimistic sentiment from investors about a potential alt season over the coming weeks. This is due to Bitcoin’s dominance increasing significantly recently, leaving altcoins behind.
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