Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher
Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls.
ETH, BNB, AVAX, and PENGU are looking set for a possible upside move.
Bitcoin
$117,915
has failed to break above $120,000, but a positive sign is that the bulls have not ceded much ground to the bears. Investors have again resumed pouring money into the BTC exchange-traded funds, which witnessed net inflows for the past three trading days, according to Farside Investors data.
American billionaire and hedge fund manager Ray Dalio said during an appearance on the Master Investor podcast that a 15% allocation to BTC or gold could optimize the “best return-to-risk ratio,” and act as a hedge against devaluation of fiat.$BTC #ETHCorporateReserves
