Hello!
I've not been writing for a while, the market has been boring lately. We are in an accumulation phase prior to the bull market. I use to say that this is the last chance to buy cheap Bitcoin.
Everything will blow up in the coming months, don't say we were lucky!
Take a look at what happened yesterday with the Bitcoin ETF flow chart:
Holy shit!
THEY ARE BACK!
And they are back buying at full force.
Bictoin have an interesting dynamic, people want to buy it when it's exploding, and they want to sell it when it's consolidating. I've never understood this approach.
17 straight days of inflows
This consolidation phase of the Bitcoin price was followed by 17 straight days of inflows. There were a lot of sellers that put pressure for lower prices, but at some point they will get exhausted. Our time to shine is getting closer and closer!
Bitcoin and Hive will shine this 2024, I love the bull market memories. Can't wait to feel them again at full force.
Why Bitcoin ETFs matter
Adam Back (@adam3us at twitter) published a tweet with this image:
The image is self explanatory, they matter a lot!
We are about to break the short positions soon!
Take a seat and enjoy the journey!
Have a great day.
Posted Using InLeo Alpha