BRUTAL TRUTH ABOUT #Bitcoin RIGHT NOW:
Should we be bullish now? Everyone is screaming for a $100‘000 BTC! Well, let’s lean back and evaluate this situation without any emotions. As this is how we entered at $17‘500 with this crazy $10mln profit trade open now!
We just had the biggest move in history for Bitcoin! We also reached an market cap all time high before the halving for the first time! It’s true that the ETFs are fundamentally very bullish short and mid term for Bitcoin!
What’s also true, and that’s very important for anyone considering entering high leveraged trades is that the market is very efficient. The market efficiency hypothesis reflects all information and alpha generation is basically impossible.
The ETF is about to be priced in, all positive information are priced in. The real positive inflow effects of the ETF will take time now.
What’s next for Bitcoin: this run may end sooner then we think & I am almost certain we will need to wash out new & weak hands before the halving in April this year!
Once that’s done, we are ready for the final run up leading into 2025! 🚀
