#BTC☀️

Bitcoin is predicted to see a sharp price spike in the current market cycle

According to the analyst, the price of bitcoin in a bullish scenario could range from $80000 and up to $100000. His forecast is based on the open interest in open-ended bitcoin futures on the Binance cryptocurrency exchange. According to the expert, open interest has now reached the 78,000 BTC mark, which is well above the base level of 64,000 BTC.

"CrediBull Crypto" believes that the current open interest is in the danger zone, as the difference of 14,000 BTC shows increased market activity, and it portends a sharp volatility in the value of the first cryptocurrency.

Given this data, the expert predicted that a decline in the value of bitcoin below the $60,000 level is unlikely, so it is worth considering an ultra-fast scenario, in the realization of which the bitcoin rate will rise sharply to new historical highs in the very near future.

How accurate will the next prediction of a sharp rise in bitcoin's value turn out to be? As with any forecast, it only indicates the probability, and for now, bitcoin can't get above $69,000.