BTC has reclaimed its multi-year uptrend trendline. This is | Cas Abbé on Binance Square

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BTC has reclaimed its multi-year uptrend trendline.
This is a good sign as this trendline held up during Q4 2023 and August 2024 dump.
Now, I'm expecting a few more 3D candle close above this trendline before the price boom.

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Everyone is talking about BTC dominance. But no one seems to be talking about BTC+stablecoin dominance. BTC+stablecoin dominance just hit its multi-cycle resistance level and got rejected. If BTC dominance goes down, it means people are swapping their BTC for alts. But if BTC+stablecoin dominance is going down, it means any fresh liquidity is going straight into altcoins. This was something that happened in Q4 2020, which led to a 100x Altseason. I guess history is about to repeat itself.

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$BTC is truly unstoppable now 🚀 And this rally is happening due to real demand. Yesterday, BlackRock alone bought $356 million worth of BTC. On top of that, Goldman Sachs disclosed $1.4 billion in BTC through ETFs. But this isn't all. Individual whales are also buying BTC like never before. In the past 30 days, whales have bought 41,300 BTC worth $4.27 billion. As I said before, this rally isn't stopping anytime soon.

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