🐻 Bitcoin bears have been party poopers, selling on every rally. But fear not, crypto trader Daan Crypto Trades says a liquidity boost could break the cycle 🔄. How? By hitting fresh all-time highs for Bitcoin (BTC) 💰. BTC is currently trading at $67,474, 10% below its all-time high of $73,808.
Microstrategy, the largest corporate BTC holder, plans to raise $500 million to buy more Bitcoin, which could provide the needed liquidity boost. This, coupled with increased inflows into spot Bitcoin ETFs, could push BTC out of consolidation.
Meanwhile, BTC price remains stuck in a post-halving re-accumulation range, which could last until September 2024. But remember, all good things take time. So, while BTC is "chopping sideways," let's chat in the comments about your predictions for the next all-time high! 🚀🌕
P.S. This is not investment advice. Always do your own research.