The Milk Road Show

8 Charts That Prove a Bitcoin Breakout Is Imminent w/ Bitcoin Magazine’s Lead Analyst

9 snips
Feb 17, 2025
Matt Crosby, Lead Analyst for Bitcoin Magazine and renowned for his market predictions, shares insightful analysis on Bitcoin's current state. He highlights how this seemingly 'boring' period can actually present unique investment opportunities. Crosby delves into the MVRVZ score for predicting future price movements and discusses shifting institutional attitudes towards Bitcoin. He emphasizes the importance of strategic selling and personal financial goals amidst market uncertainties, making a compelling case for an imminent breakout.
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INSIGHT

Bitcoin's "Boring" Price Action

  • Bitcoin's current "boring" price action is typical and healthy for the market.
  • It allows new capital to enter and resets investor expectations, paving the way for a potential breakout.
INSIGHT

Favorable Macroeconomic Conditions

  • Macroeconomic factors like liquidity, US dollar strength (DXY), and risk sentiment are starting to favor Bitcoin.
  • Bitcoin's strength during unfavorable macro conditions indicates potential for a considerable rally.
INSIGHT

Macro Setup Mirrors 2016-2017

  • The current macro setup mirrors the 2016-2017 period when Trump took office and the DXY was high.
  • A high DXY is a strategic bargaining chip, and Trump's policies could lead to its decline, benefiting Bitcoin.
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