New ATH incoming?
Hello!
I really think that we are going to see another Bitcoin all time high. In some groups of people I'm starting to listen that this bull market is not going to be like the other ones, most of other altcoins will not pump, here would not be a defi summer, and other things in the same direction.
I really think that they are wrong. Altcoins will pump hard at some point too. Even if you are a Bitcoin maxi you should agree with that sentence. New people will come and see Bitcoin trading above 100k and they will not think any second to buy Bitcoin, they will buy whatever shines the most. XRP or other shitcoins, and they will rise, it's obvious.
What I am really bad is at short term price analysis, however I find the chart below from Willy Woo (A Bitcoin OG, follow recommended) very interesting:
He tweeted this:
Capital inflows into the Bitcoin network starting to climb again, while BTC chops around sideways quietly hiding coins being accumulated.
It's not a bad setup to explore all time highs if capital inflows follow through this week.
At the bottom of the chart we can see that the Capital inflows of Bitcon changed direction. Last time it happened we climbed reeeeeeeeeeeeally fast. Is this going to be the catalyst for the next All time high?
I would love to see Willy updating this chart in the following weeks.
Have a great day!
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Bitcoin is kind of stable above 100 k US dollars and I agree that the current market sentiments are indicating that the new all time high is coming for the Bitcoin price. Bte when do you expect this to happen?
I would be surprised if by the end of April we are not above 150k. What about you?
I'm expecting the Bitcoin price to reach 150k but can't say when. I will be booking profit with BTC @ $150k so wait is on to see when it goes there.
50% increase from current price is not a big deal and anything is possible in Bitcoin market.
Yeah, I see the statement everywhere that alts are over saturated and because of this alts won't pump. It's especially popular on crypto Twitter. But like you, I believe really well that alts will shine when the time is right.
Take a look at my next post, you will see a chart that explains why alts are over saturated. have a great day!
Sounds something smart money would do. Accumulate without moving the price, and then pump it hard.