Bitcoin Price Outlook: BTC Price Poised To Crash 20% In Coming Weeks, Here’s Why

In the early Asian market on Thursday, Bitcoin (BTC) showed a modest gain of approximately 1.5 percent, trading at around $29.47k. The daily traded volume surged by about 23 percent, reaching around $13 billion, indicating the potential for the underlying Bitcoin value to retest the resistance level between $31k and $32k in the near future.