Bitcoin can yet see a significant cooling-off, one popular analyst concludes, based on historical readings from the DMI.
Bitcoin (BTC) could dip 30% to flush out “overheated” conditions on one of its most reliable indicators.
In an analysis on X (formerly Twitter) on Jan. 1, popular commentator CryptoCon argued that a $30,000 BTC price was not yet a thing of the past.
Bitcoin may have approached $45,000 this week, but historical patterns call for a retracement to characterize the start of 2024.
