Analyst: BTC may consolidate around $68,000 level and be bullish in the medium term.

2024-10-21 14:09:30

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BlockBeats news, on October 21, BRN analyst Valentin Fournier said, "Despite strong institutional support, the slowdown in inflows indicates that if capital does not start to re-enter the market in the next few days, momentum may further weaken." Fournier also stated that technical indicators also show a slowing momentum, indicating that BTC may consolidate at this level and then make another upward push. "As BTC consolidates near $68,000, we may enter a low volatility calm phase, which could lead to a re-acceleration. However, we are optimistic about the bullish momentum in the medium term and do not expect the trend to reverse," Fournier said. (The Block)

BTC2.74%

BRN12.3%

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