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(T
Analyst: BTC may consolidate around $68,000 level and be bullish in the medium term.
BlockBeats news, on October 21, BRN analyst Valentin Fournier said, "Despite strong institutional support, the slowdown in inflows indicates that if capital does not start to re-enter the market in the next few days, momentum may further weaken." Fournier also stated that technical indicators also show a slowing momentum, indicating that BTC may consolidate at this level and then make another upward push. "As BTC consolidates near $68,000, we may enter a low volatility calm phase, which could lead to a re-acceleration. However, we are optimistic about the bullish momentum in the medium term and do not expect the trend to reverse," Fournier said. (The Block)