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$ETH is back above $2,600. The longer the consolidation, the bigger the pump! Stablecoin volume on Ethereum has also reached a new ATH of $908 billion. Significant inflow of liquidity and an increase in dominance, means we should see altcoins rally soon.
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As you can see in my TA, Bitcoin is currently forming a classic bullish pennant pattern, which is a sign that momentum is building and a breakout is imminent. If this plays out, then i am sure $BTC could be heading towards $105,000 in the short term, followed by a new ATH after. Patterns like these shows that buyers are gearing up, consolidating before pushing higher. But I suggest to always watch key support levels closely to confirm strength of chart. Exciting times ahead for Bitcoin holders.
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GM all! Anyone else feeling bullish?
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BREAKING: 🇦🇪 Abu Dhabi's Sovereign Wealth Fund reveals a $408 million stake in BlackRock's spot Bitcoin ETF.
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The $BTC pullback we're seeing looks pretty normal to me, and probably won't last long. How do I know? Just check USDT Dominance. They move inversely, and this little pump is likely just a bearish retest. USDT.D's trend is still down. Bitcoin still got room to run hard.
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