Bitcoin Enters Price Discovery, Opening ‘Insane Long Opportunities’

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Even if Bitcoin gains half of what it did during price discovery in 2021, that would still propel it to $150,000, one trader said.

Bitcoin may be in for “insane long opportunities” over the coming months, as traders say BTC has now entered a price discovery phase. 

“Bitcoin has begun its price discovery phase for this cycle,” said trader and analyst Daan Crypto Trades on X on Dec. 2, noting that the asset has traded above its previous all-time high for almost a month. 


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