Bitcoin 📢 NO MORE DUMPS... but NO PARABOLA either
Updated
📉Hi Traders, Investors and Speculators of Charts📈
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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👍Hit like & Follow 👍
CryptoCheck
BTCUSDT
More and more institutional buyers have recently admitted to investing in BTC, as we see Grayscale and BlackRock (to name a few) all invest massive amounts into this digital currency.
This could mean a few things for this bullish cycle, including:
📢 More reach (more retail investors)
📢 Higher market cap (more wallets being created)
📢 Less volatility than previous cycles (institutional trading and holding)
📢 More reach (more retail investors)
Recent news headlines have made almost anyone with a access to the internet aware of Bitcoin, if they haven't heard before. BTC promises great returns and is generally more stable than altcoins, making it a great start for newcomers who may want to try their luck with cryptocurrencies.
📢 Higher market cap (more wallets being created)
The market capitalization increases as more liquidity (cash) is invested into BTC. As more and more institutions are buying and more and more people are buying, new wallets are being created at and more money is converted to Bitcoin.
📢 Less volatility than previous cycles (institutional trading and holding)
Usually when large institutions enter the market, the volatility reduces. We see this clearly with most-traded commodities such as gold and silver. It becomes a safe haven for investors as they see brokers and other institutions give the nod of approval to Bitcoin.
These are a few reasons as to why I'm not expecting a parabolic increase towards a new ATH, and neither a correction bigger than 30%.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BTCUSDT Note
BTC 4h still looking extremely bullish. A bounce on the green Moving Averages is also likely :Note
BTC: NOW watching 59K as next target.ETH update here:👇
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