$31k and $32k are targets that need to be held for confirmation of a longer-term bull market.
Lo stated that BTC and the overall crypto market are returning to a more "volatile and normalized trading environment," which curiously comes after concerns of possible higher levels of inflation and rising geopolitical tensions worldwide.
"In the early stages of a bull market, bitcoin
typically leads the pack and its dominance rises.
With the $31,000 level now acting as the new
support level, the next target for bitcoin is
$36,000, with $40,000 in sight given the rising
