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Despite Bitcoin‘s (CRYPTO: BTC) consolidation period, veteran cryptocurrency influencer Lark Davis believes this is just the calm before the storm, pointing to several bullish factors for Bitcoin’s price. What Happened: In his latest tweet, Davis discussed Bitcoin’s current state, emphasizing the quietness in the market and the ongoing consolidation phase.
Despite this, Davis remains bullish, referring to the period as “the calm before the storm. “He highlighted the growing institutional interest in Bitcoin, noting that despite bearish sentiment on Crypto Twitter, significant developments are underway.
Davis specifically mentioned the upcoming launch of Bitcoin ETFs in Hong Kong, scheduled to begin trading next week, and noted that other countries like Japan, Singapore, South Korea, and mainland China are also poised to embrace Bitcoin, suggesting a broader adoption trend….Story continues…
By: Khyathi Dalal
Source: Bitcoin’s Consolidation Is The ‘Calm Before The Storm,’ Veteran Trader Lark Davis Writes
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