After a great trade from the bottom of btc it seems like the right time to decrease exposure and wait for a pullback. A big part of the recent runup of btc comes from the ETF narrative. In my opinion this narrative is mostly played out and priced in. Ofcourse there are still other narratives such as the halving. This narrative is still important and in play,...
the halving always creates a supply shortage. Miners have less bitcoin to sell on the open market. also the narrative leading up to the halving tends to have great implications on the price of bitcoin.
on this historical chart you can see the halvings on the bitcoin chart together with price changes and durations between the tops and bottoms and the halving....
