$140,000 Halving Price? Bitcoin Traders Should Be Asking Who.
Have to count in the possible event of a straight vertical bitcoin price soon.
1.Extreme Fear on Bitcoin & SPX?
2. Retail is not buying (less and less money)?
There's someone with capital holding the bid at 24.5k-27k relentless purchasing at a slowed pace so when ever retail or "weak hands" are selling the spot BTC price gets held at 26k
MSTR continues to purchase billions and my guess is Blackrock & Fidelity + 10 other firms are allocating right now too.
Using previous S2F movement Bitcoin taps or hits the bottom range of the S2F meaning if this is correct Bitcoin should be near $140,000 by the halving meaning there's a $114,000 discount.
x ≈ 4.3846
My biggest theory on this "conspiracy if you must" is its almost like Gary Gensler is delaying giving institutions time to allocate Bitcoin this would be plausible and believable if Gary Gensler had private convos that he wants US Institutions to own majority Bitcoin BEFORE approving a global ETF.
Rates are paused like I expected due to the Japan situation now how does retail get cheap capital? QE + Stimulus I suspect a QE to be coming in Q1/Q2 2024 meaning institutions know this and won't let retail capitalize from Bitcoin "Or leave it till 2024 before a major move"
Bitcoin is the most coiled up I have ever seen it coming from 2014.
So the final question is does the extreme volatility go up or down? would institutions be purchasing now if they thought it was down? my guess is a strong no.
Remember people today are "Extremely bearish" after Bitcoin has had a -79% correction, not sure where they were for 2021-2023.
--------------------------------------------------------------------------------------------------------------------
MVRV Z-Score is a bitcoin chart that uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.
--------------------------------------------------------------------------------------------------------------------