Add as a preferred source on GoogleLark Davis Says Bitcoin May Be Nearing a New Bull Market, Puts Market Bottom at $57,000
He cited about a dozen on-chain and technical indicators, including large-holder accumulation and the two-week MACD.
Bitcoin was trading in the $80,000s as crypto investor and YouTuber Lark Davis said it may be nearing a new bull market, putting the market bottom at $57,000.
Davis based that view on about a dozen on-chain and technical indicators. He highlighted what he described as record accumulation by large holders and the two-week MACD as signs the market bottom may be in.
Bitcoin’s potential $80,000-to-$95,000 range during choppy trading has also been discussed alongside an early-bull-phase outlook.
Davis also discussed Bitcoin ETF flows, comparisons with gold ETFs, the four-year cycle, the Strategic Bitcoin Reserve and the Clarity Act.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.