#Bitcoin - The Big Sunday Report: What's Next?
đ© Technical, Liquidity, and Psychological Analysis: Last week's volatility saw Bitcoin drop from 71k to 64k, precisely as forecasted in our previous report. Since then, Bitcoin has initiated an upward trajectory, prompting the question: what's on the horizon?
In the grand scheme, we're entrenched in a significant sideways movement, spanning from 58k to 72k. Despite this, notable on-chain activities from whales, coupled with a surge in USDT circulation, hint at impending market movements. Despite Bitcoin's ATH of 72k coinciding with a $102bn USDT market cap, the current $107bn cap suggests Bitcoin's valuation aligns with money in circulation. This signals that major players are gearing up for a substantial bullish momentum.
Repeatedly, we caution against falling prey to market manipulations. The forthcoming weeks portend the super cycle's activation, with expectations of reaching new All-Time Highs. Targets at 74k are within reach, as anticipated since the CME gap at 62k. Brace for an ascent towards this region, while closely monitoring market reactions.
đ Calendar Insights: Brace for heightened volatility this week, with CPI reports forecasted at 3.4% on Wednesday. Additionally, Thursday brings PPI reports, Unemployment Claims, and the European ECB press conference. Expect market responses to US CPI figures and insights into potential future rate adjustments.
Stay informed, stay vigilant, and let's navigate this dynamic landscape together.
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