Bullish on Theta while dependent on BTC
Theta/BTC has been in a downward channel since May where we saw the big drop in the entire crypto market. Main-net 3.0 did not see the run up in value we had for 1.0 and 2.0. If BTC holds in this 50-53k range we could easily see a pump to, and above ATH.
Much of the Theta is circulation is locked up by the corporate validators. Supply shock if very possible.
Much of the Theta is circulation is locked up by the corporate validators. Supply shock if very possible.
Note
Still in the channel - look for breakout
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.