But they're all overlooking something crucial
I've just scanned all the data and was shocked
Here's why I'm bullish about $BTC and alts right nowđ§”đ
2/âź "This time is different"
â© No, it's not!
â© Now, we're in a phase where crowd is being forced to sell BTC and alts.
â© It happened in 2020, and it is happening again now..đ
3/âź Approving ETFs for BTC and ETH is the most bullish factor ever in the history of crypto.
â© A significant amount of liquidity will be injected, but it won't occur overnight.
â© More attention > more money > huge pump of all crypto
4/âź "So why are we dumping right now?" - Summer
â© Historically, summer has consistently been a challenging period for crypto.
â© This time usually sees a reduction in volatility and a decrease in crypto activities.
â© I view current market similar to summer 2021
5/âź Another driving force is US elections in Nov 2024.
â© By now, politicians have recognized the full potential of crypto and the fact that it's a huge topic open to speculation.
â© As the elections approach, there will be more and more talk about $BTC
â© Attention = money
6/âź BlackRock accumulating BTC.
â© It signifies strong institutional confidence in crypto, boosting investor optimism.
â© More and more similar funds will also want to buy crypto and will advise their investors to do the same.
7/âź $BTC chart
â© Look at depression stage in 2018 and 2022.
â© 175d vs 525d.
â© During this period, whales have built up incredibly large positions.
â© Therefore, there is no point in creating a global correction like in the previous cycle, up only!
8/âź ETH/BTC
â© This chart shows the benefits of buying ETH along with other alts over BTC
â© I'm convinced that bottom has already been formed.
â© As the chart continues to rise, ETH and alts will outperform BTC.
THAT'S IT FOR TODAY..
Follow me @Crypto PM
I hope you found this research helpful
#Whale.Alert #WhaleAlert #cryptopm #CryptoNewss #BullRunAhead