๐ Bitcoin (BTC) has soared past $46,000, reaching a multi-week high not seen since January 12! This price surge is attributed to large holders accumulating BTC and new all-time highs in U.S. equity indices. Crypto Twitter trader Jacob Canfield believes Bitcoin could even top $100K, thanks to periods of consolidation that paved the way for the altseason. ๐
However, not all news is good. Analyst HornHairs has raised concerns over Bitcoin's volatility, flagging a rare signal involving the Bollinger Bands indicator that suggests BTC could experience significant price swings in the next ten days. While the direction of the move remains uncertain, traders should be prepared for potential highs or lows. ๐
Another analyst, CryptoCon, predicts that Bitcoin may revisit the $31,300 level based on a reliable market behavior indicator. So, while the future is uncertain, BTC enthusiasts remain optimistic! ๐
