Will Bitcoin Hit ATH Before Halving?
I posted a Log Regression when #Bitcoin was 15k.
I publish now when it is 62k. So
BTC
has already done x4.
What now? Shall we break the ATH? Let's consider the pros and cons.
This is why yes:
➕Increasing global liquidity.
➕So far, positive flow from ETFs.
Here's why not:
➖Strong overbought
➖Previously, there was no ATH breakout before the halving. And immediately after, the "sell in May" season.
➖Strong sales began (in medium wallets), because many people consider ATH a good zone to sell the part.
💡Conclusion. If we do not break the ATH in the next 2 months, it will likely happen in the autumn. In the base case scenario, I only expect a test ATH unless ETF flows and liquidity increase significantly.
I publish now when it is 62k. So
BTC
has already done x4. What now? Shall we break the ATH? Let's consider the pros and cons.
This is why yes:
➕Increasing global liquidity.
➕So far, positive flow from ETFs.
Here's why not:
➖Strong overbought
➖Previously, there was no ATH breakout before the halving. And immediately after, the "sell in May" season.
➖Strong sales began (in medium wallets), because many people consider ATH a good zone to sell the part.
💡Conclusion. If we do not break the ATH in the next 2 months, it will likely happen in the autumn. In the base case scenario, I only expect a test ATH unless ETF flows and liquidity increase significantly.
Commento:
twitter.com/Volodymy.../1590834105255882753