BTCUSD
As you can see on the chart, there has been a massive printing and/or creation of USDT coins since January 2020 till now, from about 4.1 billion to about 8.8 billion, that is 4.7 billion USDT printed for trading that will eventually found themselves in the Exchanges and be Exchange for Bitcoin and other cryptocurrencies. Pumping the price of them, as it happened in the past. But it could still take a few weeks for them to really impact prices.
Also, we are close to getting a Golden Cross on Bitcoin, where the 50 DMA crosses the 200 DMA, www.investopedia.com...ms/g/goldencross.asp , which is a very bullish signal mid-long term.
The Elliott Wave Count shows that form the Year Long Bear Market Bottom of December 2018, we had a 5-wave move to the upside that lasted about 194 days, which took Bitcoin from about $3,100 USD to about $13,860 USD, a move that I will call Intermediate Wave 1 of this New Bull Market. Then we had a 3-wave move to the downside that lasted 261 days, which took Bitcoin from about $13,860 USD to about $3,800 USD, a move that I will call Intermediate Wave 2.
And now it seems clear that Intermediate Wave 3 has started about 64 days ago. It should be longer in price and shorter in time than Intermediate Wave 1. It could still take a month and a halve to complete. But it should take us well above $14,000 USD, and most likely, to new all-time highs. Will see.
Good Luck to You
