Bitcoin Ready to Fly

Amidst the current Bitcoin ($BTC) price consolidation, its analytical metrics show strong bullish signals.

Bitcoin analyst Willy Woo pegs the US$73,000 price level as the resistance point before the bullrun. If this level is successfully broken, a short squeeze could trigger a bullrun up to the level of US$75,000 per unit.

In the short term, Bitcoin price volatility will persist because it is influenced by several things, including US economic conditions and developments in the derivatives market.