Multiple Bitcoin price metrics point to an incredibly bullish “post-halving growth trajectory.”
Bitcoin (BTC) price rallied to $65,000 on July 16 after the traders’ fear over the German government selling BTC cooled off. However, there are fears that Bitcoin price may drop to $58,000 as Mt. Gox began moving $6 billion worth of coins from its cold wallet to various addresses.
Despite this, market analysts believe Bitcoin’s “post-halving” growth trajectory is still in play.
Let’s look at some of the reasons why analysts think that the Bitcoin bull market is still underway.
