Market News / Story
Bitcoin Is Headed Straight to $100,000, Analyst Says: 'I'm Long As Hell'
Benzinga ·
Benzinga reports: Bitcoin whales have added $1.22 billion since Oct/ 1, fueling what one analyst calls a lockout rally toward $100,000. What a ‘Lockout Rally’ Means John Gillen , host of the Milk Road crypto podcast, explained on Monday’s show that Bitcoin has been in a lockout rally since August. Price moves sideways in a tight range, volatility shrinks, and then it jumps higher. As a result, buyers never get a clean entry. He argues that six to nine months of deep fear already pushed…