🥱 Analysts are competing: who will create a more convincing bullish post:

• Gold vs Bitcoin: target $125k based on the "cup with handle" pattern.

• Bitcoin funding rates are still not overheated, meaning the price will go higher.

• Global liquidity is leading, and Bitcoin is following it.

• According to Daily price with SMA Multiplier - we are far from the peak.

• According to Wyckoff methodology, BTC could rise above $125K as early as June/July.

• According to MVRV -Z Top Pricing Band 703D, BTC is waiting for $125K.

• After the Luna crash, BTC/USD trading volumes on centralized exchanges dropped from 2.9 million in July 2022 to 426 thousand currently. This is viewed as a bullish signal due to the reduction of supply on exchanges and potential price growth.

🤔 At the same time:

In the price range of 111000-113200, for every $100, there is about $8 million, and the total amount of the sell wall is about $200 million.

• Altcoins may start to rise after Bitcoin dominance reaches 70% and quantitative easing is launched, but a mass increase is currently unlikely due to the ongoing price discovery of Bitcoin, which absorbs most of the market liquidity; Solana and Sui are performing better than others, while Ethereum is lagging.

🤵 Meanwhile:

• Jack Mallers on Twenty One: Together with Tether, they can buy back 5% of the BTC supply (about 1 million BTC+).

• In Michigan, four cryptocurrency bills have been introduced: to allow pension fund investments in Bitcoin through exchange-traded products, to prohibit government agencies from supporting central digital currencies, and to provide tax incentives for companies engaged in Bitcoin mining on abandoned oil wells.

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