Bitcoin Tops $27K as Rates and Oil Retreat; Ether Outperforms on ETF Hopes

“My baseline scenario is bitcoin to move higher and eventually move past that $31,000-$32,000 barrier,” Kampenaer said. But it has to happen in the next 6-8 weeks, he added, otherwise the level could put a lid on BTC’s price for a longer time. “If it remains suppressed and under that barrier, it becomes stronger and more difficult to break.”