Amid the recent Bitcoin (BTC) rally, things have picked up for the crypto markets. On Wednesday, November 8, Caleb Franzen of Cubic Analytics was interviewed by Thinking Crypto, expressing his bullish outlook and optimiam about the Bitcoin crypto asset. According to Franzen, there were numerous indicators such as the Bitcoin halving, and potential Bull trend from an approval of a spot Bitcoin ETF that could lead to $175,000 BTC in the near future. Although there were some bear designators such as a potential macro recession risk or exchange issues, the current liquidity trends look especially promising for Bitcoin enthusiasts. Moreover, Bitcoin presently is increasing brand momentum, and is trading at approximately $36,400, strongly flexing its territory and resistance near the coveted $40,000 mark. Factors such as the Golden Cross and a soaring 200-day simple moving average point to tackling long-term gains if successful mutually approved. Looking ahead, Feiertag’s exhortations for Bitcoin might explain the perpetual sky-high prices of the crypto asset during the whales, and expands towards a possible new ATH with proper consolidation.
