But they're all overlooking something crucial
I've just scanned all the data and was shocked
Here's why I'm bullish about $BTC and alts right now🧵👇
![](https://public.bnbstatic.com/static/content/square/images/728f6bbdfa6f4d73986a706a5bb0b70a.png)
2/➮ "This time is different"
☩ No, it's not!
☩ Now, we're in a phase where crowd is being forced to sell BTC and alts.
☩ It happened in 2020, and it is happening again now..👇
3/➮ Approving ETFs for BTC and ETH is the most bullish factor ever in the history of crypto.
☩ A significant amount of liquidity will be injected, but it won't occur overnight.
☩ More attention > more money > huge pump of all crypto
4/➮ "So why are we dumping right now?" - Summer
☩ Historically, summer has consistently been a challenging period for crypto.
☩ This time usually sees a reduction in volatility and a decrease in crypto activities.
☩ I view current market similar to summer 2021
![](https://public.bnbstatic.com/static/content/square/images/2358f1f22b0b497e8da197c7628f04f7.png)
5/➮ Another driving force is US elections in Nov 2024.
☩ By now, politicians have recognized the full potential of crypto and the fact that it's a huge topic open to speculation.
☩ As the elections approach, there will be more and more talk about $BTC
☩ Attention = money
![](https://public.bnbstatic.com/static/content/square/images/7cf0aa240dad41808aa6932b5f833b76.png)
6/➮ BlackRock accumulating BTC.
☩ It signifies strong institutional confidence in crypto, boosting investor optimism.
☩ More and more similar funds will also want to buy crypto and will advise their investors to do the same.
![](https://public.bnbstatic.com/static/content/square/images/77fb12052995460cae6f7e367da5bb59.png)
7/➮ $BTC chart
☩ Look at depression stage in 2018 and 2022.
☩ 175d vs 525d.
☩ During this period, whales have built up incredibly large positions.
☩ Therefore, there is no point in creating a global correction like in the previous cycle, up only!
![](https://public.bnbstatic.com/static/content/square/images/b46ff888fd0d4fef8cb160109af815f7.png)
8/➮ ETH/BTC
☩ This chart shows the benefits of buying ETH along with other alts over BTC
☩ I'm convinced that bottom has already been formed.
☩ As the chart continues to rise, ETH and alts will outperform BTC.
![](https://public.bnbstatic.com/image/pgc/202406/5a270e5946580f1b8989e58373f09f25.png)
THAT'S IT FOR TODAY..
Follow me @Crypto PM
I hope you found this research helpful
![](https://public.bnbstatic.com/image/pgc/202406/67c9801a1cb7ae4f7e02cc2a12b2adf3.jpg)
#Whale.Alert #WhaleAlert #cryptopm #CryptoNewss #BullRunAhead