TGA Water Release Countdown! Bitcoin will start the explosive growth mode at the end of the month!
Bitcoin is currently holding strong at $80,000 and not following the stock market crash, which indicates that the market is not lacking in money. If it really lacked money, it would have dropped to $60,000 long ago.
In the last half month of the tax season, there may be another wave of decline, but this could actually be a bottom-buying opportunity. At the end of the month, the Treasury Department will start a major release of funds, and Bitcoin will definitely benefit.
The real risk will come when the TGA account runs out of money or the new debt ceiling is passed in Congress; that will be the absolute signal for large funds to sell off.
Right now, the big players are firmly defending $80,000, and on-chain data shows that whales are buying heavily below $80,000, clearly indicating they are up to something.
I am Sister Xin, click on my avatar to follow me. If you have questions, ask me. I will remind you to buy at the bottom and sell at the top, and take you on this journey!
