The inverse cup/handle seems to be playing out. FOMC likely to be hawkish.
There are a lot of bullish indicators from onchain data for BTC - but price is sluggish.
My thesis has this continuing till the new near when institutional allocations can change the character of the market, and therefore trend.
I'll consider myself wrong if we drop past $37k or bounce above $54k (bearish/bullish respectively). And after the new year we don't see heavy buying volume.
This is an update post to the linked post.
There are a lot of bullish indicators from onchain data for BTC - but price is sluggish.
My thesis has this continuing till the new near when institutional allocations can change the character of the market, and therefore trend.
I'll consider myself wrong if we drop past $37k or bounce above $54k (bearish/bullish respectively). And after the new year we don't see heavy buying volume.
This is an update post to the linked post.
