Bitcoin Preparing Breakout

CNBC’s Ran Neuner Claims Bitcoin’s Price Is Set To “Explode”

While Tommy Lee has said:

"Bitcoin is preparing to break out. It has found support around the $6,000 level, which equals the breakeven for mining costs."

Another expert ShapeShift CEO Erik Voorhees has said:

" Since June, the crypto market has been engaged in a bottoming-out process, "

and most recently Cointelegraph author Helen Partz has said:

"Bitcoin has been trading sideways for around 10 days, following solid growth that took place on Oct. 15." .

As we know prices usually break out or break down after a period of low volatility.

Finally, it's Cointelegraph's Rakesh Upadhyay assessment:

The crypto markets have been consolidating in a small range for the past few weeks. Investors who are currently sitting on the sidelines avoid entering a range bound market, and the volumes have dropped. We expect buying to start after the prices break out of their ranges and a new uptrend begins.

Charts by Tradingview

Keep your eyes peeled as volatility is expected to increase in the next few days.

Disclosure: Author hold no Bitcoin at time of writing

Smiling Duck