Tax day in the US has just passed, and $BTC is not falling but rising, with a peak increase of nearly 6% today, reaching around 75k.


I originally thought the tax season would bring selling pressure. The result was completely opposite.
A few observations:
Fear Index 23: Market sentiment is still very pessimistic.
However, prices have already started to rebound.
This kind of divergence is usually a signal.
MicroStrategy has bought again: a recent entry at the level of 1 billion dollars.
Institutions are still continuing to hoard coins.
The Federal Reserve's money is coming: the Fed will inject over 40 billion in liquidity in the coming weeks.
With this dual catalyst, there may still be room in the short term.
My own judgment: this wave may not be the official starting point of a bull market, but at least it is a phase bottom.
#Gate13thAnniversary
BTC-0,05%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin