- Bitcoin has traded relatively sideways for the past 8 months, after recovering from the FTX fallout of late '22 around $15k, it has rallied to new highs over the past two years back to ~
73K
- with the backdrop of Bitcoin ETFs live + general favorability towards crypto as an asset class from tradFi incumbents, am expecting the gap between Bitcoin [1.2T] and Gold [15T] to continue to close over the next few years
- many are concerned w/ the results of the US election, as it is believed a Trump admin would be more favorable to crypto regs & policy, regardless of the outcome, believe that Bitcoin would be the least affected out of all cryptocurrencies, & if do get a Trump victory expect price to respond positively shortly thereafter
- with FED moving to cut rates + be more accommodative towards the economy, also have an incoming tailwind for risk assets wrt global liquidity
- BTC has made a higher low after touching ~
49K for the first time since shifting into a downtrend in March, and is looking to put in its first convincing higher high on the weekly and monthly timeframes, looking to bid area around quarterly open of 63-64k and targeting new highs, the move following this long consolidation period should be aggressive, think its possible that Bitcoin touches $200k+ this cycle
73K- with the backdrop of Bitcoin ETFs live + general favorability towards crypto as an asset class from tradFi incumbents, am expecting the gap between Bitcoin [1.2T] and Gold [15T] to continue to close over the next few years
- many are concerned w/ the results of the US election, as it is believed a Trump admin would be more favorable to crypto regs & policy, regardless of the outcome, believe that Bitcoin would be the least affected out of all cryptocurrencies, & if do get a Trump victory expect price to respond positively shortly thereafter
- with FED moving to cut rates + be more accommodative towards the economy, also have an incoming tailwind for risk assets wrt global liquidity
- BTC has made a higher low after touching ~
49K for the first time since shifting into a downtrend in March, and is looking to put in its first convincing higher high on the weekly and monthly timeframes, looking to bid area around quarterly open of 63-64k and targeting new highs, the move following this long consolidation period should be aggressive, think its possible that Bitcoin touches $200k+ this cycleİşlem aktif
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.