Bitcoin

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<ul><li>The recent Bitcoin price volatility is setting the crypto market up for a potential bull run.</li><li>Closing below the 20-week moving average signals an end to the bear market.</li><li>Bitcoin could potentially drop to $22,400 and lower before complete reversal.</li></ul>The recent <a href="https://coinedition.com/analyst-predicts-bitcoin-volatility-ahead-of-2024-halving-event/" rel="noopener noreferrer nofollow">Bitcoin price volatility</a> is setting the crypto market up for a potential bull run, according to Dan Gambardello, founder of Crypto Capital Venture.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2487ed8fecf54e7ab8a196a9ada29286.png" />In a video posted to YouTube, Gambardello analyzed Bitcoin’s recent price behavior and compared it with a historical pattern. According to Gambardello, closing below the 20-week moving average on the weekly chart signals a likely ending to the bear market. It puts Bitcoin in a zone with a high tendency for an upward reversal.Gambardello compared Bitcoin’s recent volatility with a similar pattern that played out in 2019, ahead of the 2020 bull run. Then, Bitcoin broke below the 20-week moving average, with room to drop further before reversing at the 50-week moving average.<a href="https://coinedition.com/crypto-analyst-recent-volatility-pushed-btc-into-critical-region/" rel="noopener noreferrer nofollow">See the Original On CoinEdition</a>

Crypto Analyst: Recent Volatility Pushed BTC Into Critical Region

Coin Edition

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