Will Bitcoin Finally Escape From $30K and Is an SEC Appeal Against Ripple in Play? This Week's Crypto Recap

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Bitcoin's price has been consolidating for too long, according to some. Will the market explode soon?

Will Bitcoin Finally Escape From $30K and Is an SEC Appeal Against Ripple in Play? This Week’s Crypto Recap

The past seven days have mostly been centered around Bitcoin and the aftermath of the ruling in the case between Ripple and the United States Securities and Exchange Commission. That said, the total market capitalization declined by some $11 billion throughout the same period, as investors are wary of future uncertainty.

However, according to a well-known and prominent analyst – Willy Woo – the cryptocurrency has been consolidating for too long. Based on a number of indicators, a lot of which are bullish, Woo observed that the rangebound trading might soon come to an end. Historically, he says, this ends up in a major move. Will BTC finally escape the $30K level? We’ve yet to see.

 

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