Multiple Bitcoin price indicators point to an incredibly bullish “post-halving growth trajectory.”
On July 16, Bitcoin’s price surged to $65,000 after concerns about the German government’s Bitcoin sell-off faded. However, with Mt. Gox beginning to move $6 billion worth of Bitcoin from its cold wallets to various addresses, there are concerns that Bitcoin’s price could drop to $58,000.
Despite this, Wesley Parker believes that Bitcoin’s “post-halving” growth trajectory is still in play.