Bitcoin & Markets They Finally See Bitcoin Coming, Some Are Trying To Stop It - E427
Jan 12, 2025
Bitcoin's recent stability above $100,000 highlights strong institutional support and promising market patterns. Increased ETF flows suggest investor optimism, while legislation like the Bitcoin Act could shift ownership dynamics. A national Bitcoin strategic reserve sparks debate, pitting traditional finance against decentralized alternatives. Discussions on fraud and security contrast centralized systems with Bitcoin's trustless nature. Price trends, including the intriguing 'Darth Maul' candlestick pattern, hint at potential market movements.
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Bitcoin's "Mu" Pattern
- Bitcoin bull markets often follow a "mu" shape, crashing down then rising.
- This pattern suggests strong underlying demand and limited pullbacks.
Bitcoin ETF Flows vs. Price
- Cumulative Bitcoin ETF flows have tripled since March's $74,000 high.
- However, Bitcoin's price has only increased by 33%, suggesting further upside potential.
Bullish Liquidations
- Large liquidations, like the one seen recently, are typically bullish.
- They can accelerate distribution and mark a bottom, paving the way for further price increases.