Despite all the bullish news, Bitcoin has repeatedly followed its pattern of 80~% retracements and a short period of consolidation before moving into its real bull market phase.
Some of the things to keep in mind:
We still need a proper consolidation at much lower prices from here. Institutions are not buying at these prices. Only long term retail holders.
Some of the things to keep in mind:
- Interest rates will probably start to ease early next year
- Bitcoin halving
- Bitcoin ETF
We still need a proper consolidation at much lower prices from here. Institutions are not buying at these prices. Only long term retail holders.
