Calm Before the Storm for Bitcoin to $116,000 Amid President Trump’s Calls for Rate Cuts

Description

Having reclaimed the psychological price of $100,000 after failing to do so for a couple of months, bullish sentiments continue to rock the Bitcoin (BTC) ecosystem about the possibility of hitting $116,000 in the near future. According to market analyst Trading Heights, “BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a breakout.” Source: Trading Heights Based on this analysis, Bitcoin finds itself inside a converging triangle, ...