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BTC Gearing Up for the Next Bull Run as Pre-rally Patterns Emerge

Published 31/10/2023, 14:23
© Reuters.  BTC Gearing Up for the Next Bull Run as Pre-rally Patterns Emerge
BTC/USD
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Coin Edition -

  • Thorn revealed bullish narratives and positive fundamentals are emerging for BTC.
  • Thorn did note that there has been a drop in BTC’s on-chain liquidity.
  • BTC’s price might rise before long-term holders profit, based on on-chain data.

Alex Thorn, the head of Firmwide Research, revealed in a series of X (formerly Twitter) posts yesterday that bullish narratives and positive fundamentals are emerging for Bitcoin (BTC). According to Thorn, the price of BTC could explode in the short term as a “gamma squeeze” has popped up.

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