Hello!
we have been stuck into the $90,000 and $100,000 range for a while. It feels like an eternity but it has been a really short period of time. We are still seeing inflows into the Bitcoin ETFs, however the excitement has been on a steady decline. I will show you what I mean in this image from heyapollo, the best website to track ETF inflows.
Here you have it:
As you can see in the red arrow, the Bitcoin inflows have been decreasing the last 2 weeks. This is normal behavior, I don’t expect this level of excitement to be uniform during the full bull market. The truth is that a lot of people have decided to sell some of their stack and take some profits out of the table.
I always think that you will never regret taking profits, however it hurts inside because you know that Bitcoin is going much much higher than $100,000. At least it’s what I expect. I don’t think the top will be below $150,000 and if I have to bet I would say that the top will be above $200,000 for this cycle.
I hope I am right because that would mean an amazing full bull market for Bitcoin and also for the other altcoins.
One step at a time.
Have a great day!
Posted Using InLeo Alpha