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$BTC

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Test the spring ⬆️

This is my view of the market, that we have found the bottom.

I see that the market has finished re-accumulating, as the spring was tested on a low volume several days ago.

This means that we are near the final turn of negativity in the market.

27 Apr 2024

Good luck!

Update previous post

https://www.iconomi.com/user/MomenJaradat?postId=3966b98d-d534-4274-a658-c6573547eb30

$BTC and ALT’s up ⬆️

This is my view of the market, that we have found the bottom.

Test the spring 💪

27 Apr 2024

1/5

Morning update:

The price is flirting with our trackline. Meanwhile, the buy calls across social media are low and sell calls are peeking in at an increased rate. When this level of FUD begins to sneak in, market recovery probabilities increase significantly. When people in the comments section are telling you that the market is going down, it's usually the best time to buy. The crowd is always wrong and the pump is likely days away👀

2/5

Furthermore, Republic First Bank officially collapsed and was seized by the FDIC (regulators)😱

It looks like this may be the reason behind the overnight drop but we view it as something bullish. The last time banks started to collapse, Bitcoin pumped hard. This will most likely also lead to more capital injections that we discussed yesterday. Again a positive outcome for $BTC 🤔

3/5

The ETF flow was again negative but we expect this to change once Hong Kong joins the race. They will get a nice entry price and we expect big inflows in the first few days👀

4/5

Next week, MicroStrategy is also hosting a conference in Las Vegas. Bitcoin for Corporations is a conference targeting corporations interested in exploring Bitcoin and will discuss the future of $BTC as a capital asset and delve into corporate Bitcoin technology initiatives👌

Again, this should bring in additional buy pressure🤔

5/5

Speaking about corporate buying pressure, Japanese Public Company Metaplanet bought $6.25 million worth of Bitcoin this week👀

In the current market climate, your primary strategy should be to accumulate more!

We are in a phase of accumulation, and employing a Dollar Cost Averaging (DCA) approach to your purchases can be highly advantageous. This method will position you to reap significant benefits when the market surges in the next upward trend.

During moments of uncertainty in markets, it is natural to feel stressed about your investments. However, it is important to take a step back and reflect on the long-term fundamentals of your particular investment thesis. From an economic perspective, it is crucial to understand the supply and demand dynamics that drive market movements.

Focusing on these fundamentals, you can better navigate through volatile market conditions and make informed investment decisions and remember, staying informed and focused on long-term goals can help you weather the storms of market uncertainty.

With all this said, let us have a look at current $BTC supply and demand and the impact the halving has had in the past and will have in the future.

Read full article here