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🎢 $BTC Analyst C.Q.: A bullish impulse (Green Bar) is forming in the market. This means that the demand for coins exceeds the supply that was realized a week ago. As investor confidence grows, a breakthrough above 70K can be expected.
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🔝 Top projects that have generated the most revenue YTD $MKR , $ENA , and #AERO are looking promising
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🎢 $BTC reclaimed the average cost-basis of short-term holders. This is usually a very bullish sign.
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📊 $BTC has seen its biggest correction since the FTX crash in 2022, but it remains in control compared to previous bull periods.
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📈🤔 $BTC #Santiment : Bitcoin's amount of holders (any wallets with >0 coins) have been dropping aggressively as traders still seem to believe the March ATH was as good as it's going to get in 2024. When we see mass liquidations like this, the probability of a continued rebound only increases.
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