Bitcoin 'air pocket' above $72,000 could mean quick run to $80,000
The latest data published by CoinDesk suggests that the Bitcoin market is experiencing a so-called 'air pocket' in the range between $72,000 and $80,000. This means that there is an extremely low level of supply in this price corridor, which could lead to a rapid increase in the cryptocurrency's quotes to the upper boundary of this range.
Many experts believe that the current bullish trend of Bitcoin will continue in the coming months. This is due to several factors:
- Increased interest from institutional investors in cryptocurrencies;
- Limited supply of Bitcoin due to mining algorithms;
- Wide adoption of cryptocurrencies in various economic sectors.
If the analysts' forecasts are justified, we may witness a new Bitcoin rally in the near future, which will have a positive impact on the entire cryptocurrency market.