The big one is coming!!!
If you are worried about Bitcoin
entering a bear market!!!
Please read this 🚨
Since reaching a peak of $74,000
in March, BTC has been in a
downtrend
BTC price action has affected
mostly ALT
down 50%-80% from the first quarter
climax
But it has always been the case
After each halving, BTC has been trading sideways for a longer period of time
In 2016, BTC traded sideways for 161 days after the halving
In 2020, BTC traded sideways for 175 days after the halving
Currently, BTC is trading sideways from 119 days
But there is some good news happening that most of us are not paying attention to
For an asset to move, supply should be falling and demand should be rising
Let’s talk about the supply side of BTC
👇
➬ETFs and accumulation addresses have bought 450,000 BTC since July
➬The supply of Bitcoin on exchanges is currently at 6 15-month low
➬ 45% of BTC supply has not moved in 6 months
All these indicators point to an impending supply crunch
Besides this
➮ MICROSTRATEGY is buying $2B worth of BTC
➮ MARATHON is buying $300M worth of BTC
➮ BlackRock and other financial institutions are accumulating
So what about the demand side?
We know that demand will start to pick up in the fourth quarter due to some major events
➜The Fed will start to cut interest rates
➜Global quantitative easing will start, otherwise there will be a risk of global recession
➜Russia will start using cryptocurrencies for international trade
➜FASB rules will be implemented, allowing $3 trillion of corporate cash to be invested in BTC
All of these events will increase liquidity, and as BTC supply tightens, the parabolic run will begin
I hope this helps you, follow me on the homepage, and share the bull market layout strategy every day! Help you get rich
