Major events There are two major events that will happen the coming months: 1. The merge of Ethereum from proof of work to proof of stake will happen in Q2 (if not delayed again). Then many coins will be unlocked and will cause probably a supply shock. Also a buy the rumour sell the news may happen. 2. The SEC is expected to reach a decision on Grayscale's Bitcoin spot ETF by July 6. Will this event be a pump or dump event?
in order to have a dump in July at 72,000 we must have an uptrend and at least stay above 50,000 doesn't seem to be probable right now
goerh
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@louistran_016, BTC is still in an uptrend right now lol. Retest at 40k is healthy.
louistran_016
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@goerh, that's probably true, 40.600 being tested, the market weakness drags it down too much
ClearOpenDoor
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Master level alpha
May I ask though, why does btc look so bearish currently? This weak price action is making me second guess my higher targets on btc. Especially with a sell the news event just a couple of months away now.
goerh
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@ClearOpenDoor, Me too. I also expect +- 72k as ATH for this run. But you never know :)
doesn't seem to be probable right now