$150,000 - $200,000 By Year End Possibilities.
- If we use the time Bitcoin had a full cycle without any global economic problems in 2016 to 2018. We see the faint white line is painting a very similar movement of price. The variation outside of the norm would tell us Bitcoin has to make a very large move by year end to stay on track.
- MVRV Z Score - Is also indicating Bitcoin is undervalued and no where near a top. We also have global rate cuts + liquidity injections, Gold has appreciated to the debasement including the SPX. Bitcoin? yet to see inflows of this while having broke all the Spot ETF records this year.
- There's still a massive bull flag that has formed on Bitcoin while people get bored and sell coins institutions continue to launch new products and allocate right before Bitcoin options are going to be launched on the Spot ETFs.
- Blackrock is actively marketing the push for Bonds to rotate into Bitcoin note this market is 130T of face value capital. Other institutions have already started launching strategies involving Bitcoin & Bond rotations.
- With the new pro Bitcoin president about to be elected. Rates will be cut MMF's will start rotating into assets for more return, MSTR will be added to the QQQ and SP500 allowing a spiral of Bitcoin buying from portfolio weight increases.
- 222 Days people had to think hard about where this all leads while the biggest sideways bull flag on Bitcoin has formed.
Let's see how this plays out.
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