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G C
@gumcuzzler
My previous view from late OCT 2023 until Jan 2024 was that BTCUSD would rally until the ETF launch and then we would go back down until the narrative around the halving would start again mid March 2024. I thought we would retrace 30-40% of gains until early March. ⏩ ...
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@gumcuzzler
These last few weeks have shown that the flows into these ETFS were more persistent and larger than originally anticipated, therefore the rally has continued after that brief dip we had in January. In addition, seeing continuous outflow from exchanges. ⏩ ...
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G C
@gumcuzzler
Nicehash has the halving in less than 2 months: https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00 My current view with the recent rally in prices these past few days has this rally going until mid-MAY 2024 with the expectation that the halving narrative takes over in 2 -4 weeks in March. ⏩ ...
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G C
@gumcuzzler
In between now and the halving I'm looking for potential events, drivers, catalysts that would be strong enough to break down this rally and I'm struggling to find any. Stocks look like they're not slowing down with the AI momentum, geopolitics or world events don't seem to affect markets ⏩ ...
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