Hello!
We have been without ETF flows for 4 weeks. The charts says it loud and clear, we are not able to put more money in than Grayscale. Grayscale has been selling massive amounts of Bitcoin, and there is not enough demand for now.
In addition today they published the inflation data in the United States. The number came over the market expectations and that's why we saw a flash crash for the Bitcoin price.
I think that this correction will be short-lived. The halving is in 8 fucking days! 8 fucking days!!!!
We've been waiting for this for a very long time. The bear market switched the mentality of the no-coiners, they are not in yet.
They are always late to the party, they will come after we surge above 100k, and their FOMO will move things really fast.
We just have to wait a little bit more. I hope you have your bags ready.
At the time of writing this words, Bitcoin price is again above $69,000. If I have to bet I would say that we break ATH before the en of April. The all time highs are approximately at $74,000, so I expect to be above $80,000 in May 2024.
I will try to be more active and share my thoughts here.
I hope you have a great day!
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