BitcoinLong
Narrative will lead price this time
First what are the narratives?
1. Strategic bitcoin reserve
2. ETH etf
3. US flipping from hostile to friendly on crypto
4. Liquidity cycle
5. Rate cuts (yes i know actually bearish)
With all of the positive narratives out in crypto price has barely moved out of its consolidation range.
I truly think ask liquidity is strong enough to quench any narrative that could pop up. I do think at some point we're going to get a squeeze and align the price with the current narratives believed by the most ardent market participants.
I do not think we break this trend line. There will be many shakeouts until we go exponentially parabolic.
1. Strategic bitcoin reserve
2. ETH etf
3. US flipping from hostile to friendly on crypto
4. Liquidity cycle
5. Rate cuts (yes i know actually bearish)
With all of the positive narratives out in crypto price has barely moved out of its consolidation range.
I truly think ask liquidity is strong enough to quench any narrative that could pop up. I do think at some point we're going to get a squeeze and align the price with the current narratives believed by the most ardent market participants.
I do not think we break this trend line. There will be many shakeouts until we go exponentially parabolic.
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