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đ„ BREAKING: India may establish a national #
Bitcoin
reserve.
The dominoes are starting to fall.
#BTCÂ
Avertissement : comprend des opinions de tiers. Il ne sâagit pas dâun conseil financier. Peut inclure du contenu sponsorisĂ©.
Â
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The DXY keeps sliding and has now hit its lowest point since 2022. Bullish signal for #Bitcoin! Since the dollar is the global reserve currency, its decline helps loosen financial conditions worldwide. That means $BTC isn't just climbing in dollar terms, this extra liquidity could further fuel the rally. đ„
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GM âïž Itâs impressive how closely #Bitcoin continues to follow Global M2 supply.
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Lock in.
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During the last 3 major rallies, long-term holders (LTH) consistently built their positions before strong upward moves. The first was around $28K, where a rising LTH share vs. short-term holders (STH) over 1â2 months set the stage for a breakout to $60K. The second came at $60K, with similar accumulation during consolidation leading to a move up to $100K. Now, at the $100K level, weâre once again seeing sustained growth in the LTH/STH ratio. This phase could last 4â8 weeks, and based on previous cycles, it may trigger another powerful breakout with the next #Bitcoin rally target in the $160K range. đ
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The next leg upwards of #Bitcoin above $108K and #Ethereum above $2,500 is where the strength on #Altcoins will come in.
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